A Closer Look at PNC Finl Servs Gr's Options Market Dynamics

Investors with a lot of money to spend have taken a bearish stance on PNC Finl Servs Gr PNC.

And retail traders should know.

We noticed this today when the trades showed up on publicly available options history that we track here at Benzinga.

Whether this is an institution or just a wealthy individual, we don't know. But when something this big happens with PNC, it often means somebody knows something is about to happen.

Today, Benzinga's options scanner spotted 9 options trades for PNC Finl Servs Gr.

This isn't normal.

The overall sentiment of these big-money traders is split between 11% bullish and 88%, bearish.

Out of all of the options we uncovered, 8 are puts, for a total amount of $280,245, and there was 1 call, for a total amount of $162,030.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $155.0 to $160.0 for PNC Finl Servs Gr over the recent three months.

Volume & Open Interest Trends

Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for PNC Finl Servs Gr's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of PNC Finl Servs Gr's whale trades within a strike price range from $155.0 to $160.0 in the last 30 days.

PNC Finl Servs Gr Option Activity Analysis: Last 30 Days

Largest Options Trades Observed:

About PNC Finl Servs Gr

PNC Financial Services Group is a diversified financial services company offering retail banking, corporate and institutional banking, asset management, and residential mortgage banking across the United States.

In light of the recent options history for PNC Finl Servs Gr, it's now appropriate to focus on the company itself. We aim to explore its current performance.

PNC Finl Servs Gr's Current Market Status

• With a volume of 1,399,832, the price of PNC is down -0.6% at $147.0.
• RSI indicators hint that the underlying stock is currently neutral between overbought and oversold.
• Next earnings are expected to be released in 88 days.

Expert Opinions on PNC Finl Servs Gr

Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $172.6.

• An analyst from Goldman Sachs has decided to maintain their Neutral rating on PNC Finl Servs Gr, which currently sits at a price target of $168.
• Maintaining their stance, an analyst from Jefferies continues to hold a Hold rating for PNC Finl Servs Gr, targeting a price of $171.
• An analyst from B of A Securities persists with their Neutral rating on PNC Finl Servs Gr, maintaining a target price of $168.
• Consistent in their evaluation, an analyst from Wells Fargo keeps a Overweight rating on PNC Finl Servs Gr with a target price of $194.
• An analyst from Jefferies persists with their Hold rating on PNC Finl Servs Gr, maintaining a target price of $162.

Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for PNC Finl Servs Gr with Benzinga Pro for real-time alerts.