Looking At Tesla's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Tesla (NASDAQ:TSLA) with 160 unusual options trades detected. 49% of investors opened trades with bullish expectations and 50% with bearish. Whales have been targeting a price range of $170 to $250 for Tesla over the last 3 months. Wedbush downgraded its action to Outperform with a price target of $215, while Piper Sandler maintained their Overweight rating with a price target of $280.
May 30, 2023 | 3:17 pm
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NEUTRAL IMPACT
A whale has taken a bearish stance on Tesla with 160 unusual options trades. Whales have been targeting a price range of $170 to $250 for Tesla over the last 3 months. Analysts have mixed price targets.
The whale's bearish stance and the mixed price targets from analysts create uncertainty in the short term for Tesla's stock price. While the whale's activity may indicate a potential downside, the analyst opinions from Wedbush and Piper Sandler show differing views on the stock's future performance. This combination of factors leads to a neutral short-term impact on Tesla's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100