Looking At Fluor's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Fluor (NYSE:FLR) has seen unusual options activity, with a significant amount of bearish sentiment from big-money traders. The options trades suggest a price window of $47.5 to $60.0. Despite this, an analyst from Truist Securities maintains a Buy rating with a target price of $66. FLR's stock is currently down 1.84% at $53.99.
October 21, 2024 | 7:30 pm
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Fluor has experienced unusual options activity with a bearish sentiment from big-money traders, indicating potential downward pressure on the stock. However, an analyst maintains a Buy rating with a $66 target.
The unusual options activity with a majority bearish sentiment suggests that investors expect a potential decline in FLR's stock price. The current price is $53.99, and the bearish sentiment could lead to short-term downward pressure. However, the analyst's Buy rating and $66 target provide a counterpoint, indicating potential long-term value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100