“Burst of Insider Buying: CVS Health’s Unlikely Rally Fuel HigherforegroundColortrue
**CVS Health: Big Investors Take a Bearish Stance**
Investors with plenty of money to spend have taken a bearish stance on CVS Health, according to recent data from Benzinga’s options scanner. This activity may signal that someone has information that the stock price will drop. Retail traders should take note and consider the potential implications.
**Projected Price Target**
When examining the trading activity, significant investors appear to be targeting CVS Health’s price range extending from $40.0 to $60.0 over the last three months. This suggests that the stock could continue to fluctuate within this range.
**Analyze Trading Volume and Open Interest**
Evaluating volume and open interest is a critical step in options trading. This data reveals the liquidity and investor interest in CVS Health options at a specified strike price. The data provided illustrates the volume and open interest movement of call and put options associated with heavy trading on CVS Health, with strike prices ranging from $40.0 to $60.0 over the past 30 days.
**Notable Options Activity**
Benzinga’s options scanner uncovered 10 unusual options trades on CVS Health today. Of these, there were 6 puts for a total amount of $241,558 and 4 calls for a total amount of $305,422. The overall sentiment among these big traders is split between 10% bullish and 50% bearish.
**CVS Health’s Current Market Position**
After analyzing the recent activity, we focus on CVS Health’s performance itself. As of the market close, volume was 1,589,833 lots, and the stock price fell -0.79% to settle at $44.14. The RSI indicator suggests the stock may be oversold. Earnings are expected within 44 days.
**What Experts Say About CVS Health**
1 industry analysts have shared insights on the stock over the past month, offering an average price target of $66.0. Analysts at Deutsche Bank upgraded the stock to “buy” and adjusted the price target to $66, a positive move.
**FAQs**
Q: What does it mean for big investors to take a bearish stance on CVS Health?
A: It means that these investors are selling or hedging their bets on the stock price going down. This could be a sign that someone has information that the stock price will drop.
Q: What is the projected price target for CVS Health?
A: The projected price target is between $40.0 to $60.0 over the last three months.
Q: What is the overall sentiment among big traders on CVS Health?
A: The overall sentiment is split between 10% bullish and 50% bearish.
Q: What is the current market position of CVS Health?
A: As of the market close, volume was 1,589,833 lots, and the stock price fell -0.79% to settle at $44.14. The RSI indicator suggests the stock may be oversold. Earnings are expected within 44 days.
**Conclusion**
The recent activity on CVS Health’s options market suggests that big investors are taking a bearish stance on the stock. This activity may signal that someone has information that the stock price will drop. Retail traders should take note and consider the potential implications.
