Looking At BlackRock's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on BlackRock (NYSE:BLK), with 70% of recent unusual options activity being bearish. The targeted price range for BlackRock over the last 3 months is $400 to $670. The stock is currently down 1.58% at $651.05, with RSI indicators suggesting a neutral position.
May 24, 2023 | 3:22 pm
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NEGATIVE IMPACT
BlackRock has seen 70% bearish unusual options activity, with a targeted price range of $400 to $670. The stock is currently down 1.58% at $651.05, and RSI indicators suggest a neutral position.
The bearish stance taken by a whale with a high percentage of unusual options activity indicates a potential negative impact on BlackRock's stock price in the short term. The targeted price range also suggests a possible downward movement. The stock is currently down 1.58%, and RSI indicators show a neutral position, which may lead to increased volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100