Financial giants have made a conspicuous bearish move on PNC Finl Servs Gr. Our analysis of options history for PNC Finl Servs Gr PNC revealed 11 unusual trades.
Delving into the details, we found 9% of traders were bullish, while 90% showed bearish tendencies. Out of all the trades we spotted, 3 were puts, with a value of $152,404, and 8 were calls, valued at $621,549.
Projected Price Targets
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $70.0 to $160.0 for PNC Finl Servs Gr over the last 3 months.
Volume & Open Interest Development
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for PNC Finl Servs Gr's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across PNC Finl Servs Gr's significant trades, within a strike price range of $70.0 to $160.0, over the past month.
PNC Finl Servs Gr Option Activity Analysis: Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| PNC | CALL | TRADE | NEUTRAL | 03/15/24 | $155.00 | $164.9K | 590 | 361 |
| PNC | CALL | TRADE | BEARISH | 01/17/25 | $95.00 | $117.6K | 9 | 20 |
| PNC | CALL | SWEEP | BEARISH | 03/15/24 | $70.00 | $80.9K | 20 | 0 |
| PNC | CALL | TRADE | BEARISH | 01/17/25 | $90.00 | $69.7K | 17 | 11 |
| PNC | CALL | TRADE | NEUTRAL | 01/17/25 | $100.00 | $60.1K | 77 | 0 |
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.
Having examined the options trading patterns of PNC Finl Servs Gr, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
Where Is PNC Finl Servs Gr Standing Right Now?
- Currently trading with a volume of 408,308, the PNC's price is up by 0.32%, now at $151.47.
- RSI readings suggest the stock is currently is currently neutral between overbought and oversold.
- Anticipated earnings release is in 4 days.
Professional Analyst Ratings for PNC Finl Servs Gr
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $148.46.
- In a positive move, an analyst from Odeon Capital has upgraded their rating to Buy and adjusted the price target to $153.
- An analyst from Keefe, Bruyette & Woods has decided to maintain their Underperform rating on PNC Finl Servs Gr, which currently sits at a price target of $145.
- Maintaining their stance, an analyst from Goldman Sachs continues to hold a Neutral rating for PNC Finl Servs Gr, targeting a price of $147.
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest PNC Finl Servs Gr options trades with real-time alerts from Benzinga Pro.
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