ICICI Bank Ltd Target of Unusually High Options Trading (IBN)
Shares of ICICI Bank Ltd (NYSE:IBN) was the recipient of some unusual options trading activity on Friday. Traders acquired 7,968 put options on the stock, American Banking and Market News reports. This represents an increase of approximately 173% compared to the typical daily volume of 2,918 put options.
Separately, analysts at Zacks reiterated an “underperform” rating on shares of ICICI Bank Ltd (NYSE:IBN) in a research note to investors on Monday, August 19th. They now have a $27.00 price target on the stock.
Shares of ICICI Bank Ltd (NYSE:IBN) traded up 4.04% on Monday, hitting $31.95. The stock had a trading volume of 2,823,741 shares. ICICI Bank Ltd has a 1-year low of $24.94 and a 1-year high of $48.44. The stock has a 50-day moving average of $29.9 and a 200-day moving average of $38.95. The company has a market cap of $18.428 billion and a P/E ratio of 9.82.
ICICI Bank Limited (NYSE:IBN) is a banking company engaged in providing a range of banking and financial services, including commercial banking and treasury operations.
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