This Is What Whales Are Betting On Honeywell Intl
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Honeywell Intl (NASDAQ:HON), with 81% of detected trades having bearish expectations. Whales have been targeting a price range of $175 to $330 for Honeywell Intl over the last 3 months. The stock is currently down 0.64% at $190.63, and RSI indicators suggest it may be approaching oversold. Analysts from Morgan Stanley, RBC Capital, Citigroup, and Mizuho maintain their respective ratings and price targets.
May 25, 2023 | 3:32 pm
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A whale investor has taken a bearish stance on Honeywell Intl, with 81% of detected trades being bearish. The stock is currently down 0.64% at $190.63, and RSI indicators suggest it may be approaching oversold.
The bearish stance taken by a whale investor, along with the fact that 81% of detected trades are bearish, indicates a potential short-term negative impact on Honeywell Intl's stock price. Additionally, the stock is currently down 0.64% and RSI indicators suggest it may be approaching oversold territory, which could further contribute to a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100