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Sept. 23, 2022, 3:08 a.m. EDT

Exxon Stock: Check Out What Whales Are Doing With XOM

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Sep 23, 2022 (PressReach.com via COMTEX) -- A whale with plenty of cash has adopted a noticeably bullish position on Exxon stock /zigman2/quotes/204455864/composite XOM -3.00% .

When we look at the details of each transaction, we can say that 56% of investors initiated trades with optimistic expectations and 43% with negative expectations. From the total number of spotted transactions, 8 are Puts worth $465,955, and 8 are calls for $370,692.

When the Volume and Open Interest on these futures are considered, it appears that whales have been seeking a price range for Exxon stock /zigman2/quotes/204455864/composite XOM -3.00% that falls between $82.0 and $120.0 over the past three months.

Conducting research on a stock by first taking a close look at its volume and open interest is an effective technique to gain valuable insight.

You may use this data to monitor the liquidity and interest in Exxon Mobil’s options for a certain strike price by keeping track of it.

The price of Exxon stock /zigman2/quotes/204455864/composite XOM -3.00% is currently $95.05, representing a loss of 2.68%, with 4,903,593 contracts traded.

The RSI indications suggest that the underlying stock is now in a state of equilibrium between overbought and oversold.

The subsequent earnings report is not anticipated to be made public for another 43 days.

Piper Sandler has decided to keep its Overweight rating on Exxon /zigman2/quotes/204455864/composite XOM -3.00% , which now has a price objective of $108.

Exxon Mobil has been assigned an Overweight rating by Morgan Stanley, which will not change, and the firm has set a price objective of $113 for the stock.

Options are riskier assets than trading stocks but offer more considerable profit potential. Serious options traders control this risk by educating themselves regularly, scaling in and out of deals, following many indicators, and continuously monitoring the markets.

Featured Image- Megapixl @ Dimarik16

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Author: Okoro Chinedu
Market Jar Media Inc.
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COMTEX_415103282/2810/2022-09-23T03:07:48

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/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 109.81
-3.40 -3.00%
Volume: 22.84M
Nov. 28, 2022 4:03p
P/E Ratio
8.95
Dividend Yield
3.31%
Market Cap
$466.23 billion
Rev. per Employee
$6.20M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 109.81
-3.40 -3.00%
Volume: 22.84M
Nov. 28, 2022 4:03p
P/E Ratio
8.95
Dividend Yield
3.31%
Market Cap
$466.23 billion
Rev. per Employee
$6.20M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 109.81
-3.40 -3.00%
Volume: 22.84M
Nov. 28, 2022 4:03p
P/E Ratio
8.95
Dividend Yield
3.31%
Market Cap
$466.23 billion
Rev. per Employee
$6.20M
loading...
/zigman2/quotes/204455864/composite
US : U.S.: NYSE
$ 109.81
-3.40 -3.00%
Volume: 22.84M
Nov. 28, 2022 4:03p
P/E Ratio
8.95
Dividend Yield
3.31%
Market Cap
$466.23 billion
Rev. per Employee
$6.20M
loading...

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