Whale Investors Make Bold Moves with Target Stock TGT Trading

Author: Lucas Young Updated: 09-10-2024 11:17 AM

Insight into Whale Activity with Target (TGT)

Many financial giants have made significant bullish moves in the stock options of Target, a strong player in the retail industry. Our in-depth analysis of the options history for Target (TGT) revealed 11 notable trades that caught our attention.

Investor Sentiment and Trading Patterns

In analyzing these trades, we discovered that 36% of the traders exhibited bullish behavior, while another 36% leaned toward bearish tendencies. Out of the total trades identified, 4 were puts valued at approximately $168,767, and 7 were calls, cumulatively worth $235,142.

Expected Price Range for Target

By examining the trading volumes along with the Open Interest, it's clear that significant market players are focusing on a price range between $120.00 and $180.00 for Target in recent months. This anticipated price band represents the collective expectations of traders in today's market.

Analyzing Trading Volume and Open Interest

Assessing volume and open interest is crucial for effective stock research. This information plays a vital role in understanding liquidity and levels of interest for options at specified strike prices. Below is a summary of trends in volume and open interest for both calls and puts across Target's notable trades within the strike price range of $120.00 to $180.00 over the last month.

Target's Call and Put Volume: Recent Overview

Highlights from the Largest Observed Options Trades

Target's Market Presence

Target stands as the seventh-largest retailer in the nation, focused on delivering an exceptional shopping experience combined with a wide variety of trendy apparel, home goods, and essential products at competitive prices. The company has built a stylish and upscale image that has shaped its brand since the 1990s, leading to a substantial growth in revenue as it continues to solidify its position as a leading retailer in America.

Current Status of Target (TGT)

Currently trading with a volume of 700,517, the price of TGT has decreased by -0.67%, now valued at $149.58.
RSI indicators suggest the stock may be nearing overbought conditions.
Anticipation builds as the next earnings release approaches in 64 days.

Analysts Weigh In on Target

In the past month, five analysts have provided insights on this stock, indicating an average target price of $165.2:

A Roth MKM analyst holds a Neutral rating for Target with a target price of $157.
An Oppenheimer analyst maintains an Outperform rating for Target, aiming for a price of $180.
TD Cowen's analyst has kept their Hold rating on Target, with a price target of $180.
A Stifel analyst has reiterated their Hold rating with a target price of $147.
Truist Securities has also reinforced their Hold rating, targeting a price of $162.

Trading in options entails considerable risks, but it can also lead to the potential for substantial profits. Experienced traders typically manage these risks through continual education, strategic trade adjustments, and staying informed on market trends.

Frequently Asked Questions

What key trends were found in TGT options trading?

Our analysis showed a balanced sentiment with equal bullish and bearish stances among traders, indicating varying expectations about Target's market performance.

What is the price range anticipated for Target?

The major market movers are focusing on a price band between $120.00 and $180.00 for Target's stock over the upcoming months.

How is Target performing in the current market?

Currently, Target (TGT) is trading at $149.58, and the stock has seen a slight decline of -0.67% recently.

What do analysts think about Target's stock?

Analysts show a mix of ratings, with price targets generally set between $147 and $180, indicating varied levels of optimism.

What are the risks involved in trading options for TGT?

Trading options carries inherent risks, but can also lead to significant rewards, making ongoing education and market awareness crucial for traders.

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