Check Out What Whales Are Doing With BAC
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Bank of America (NYSE:BAC), with 53% of detected trades having bearish expectations. Whales have been targeting a price range of $21.0 to $32.0 for BAC over the last 3 months. Evercore ISI Group maintains an Outperform rating with a price target of $35.
May 22, 2023 | 3:32 pm
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A whale has taken a bearish stance on Bank of America, with 53% of detected trades having bearish expectations. Whales have been targeting a price range of $21.0 to $32.0 for BAC over the last 3 months.
The article highlights that a whale has taken a bearish stance on Bank of America, with 53% of detected trades having bearish expectations. This indicates that there is a significant amount of bearish sentiment among large investors, which could lead to downward pressure on the stock price in the short term. Additionally, the targeted price range of $21.0 to $32.0 suggests that there is potential for the stock price to fluctuate within this range. However, Evercore ISI Group maintains an Outperform rating with a price target of $35, which could provide some support for the stock.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100