Looking At Barrick Gold's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Barrick Gold (NYSE:GOLD), with 54% of recent unusual options activity being bearish. Whales have been targeting a price range of $17.0 to $30.0 for Barrick Gold over the last 3 months. Goldman Sachs maintains a Neutral rating with a price target of $22, while Barclays maintains an Overweight rating with a price target of $28.
May 19, 2023 | 3:31 pm
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Barrick Gold has seen increased bearish options activity, with a whale targeting a price range of $17.0 to $30.0. Goldman Sachs maintains a Neutral rating with a $22 price target, while Barclays maintains an Overweight rating with a $28 price target.
The increased bearish options activity indicates that a significant investor is expecting the stock price to decline in the short term. This could lead to increased selling pressure and a potential drop in the stock price. Additionally, the price targets set by Goldman Sachs and Barclays suggest that there is room for both upside and downside movement, but the bearish sentiment from the whale may have a more immediate impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100