Check Out What Whales Are Doing With AT&T
Portfolio Pulse from Benzinga Insights
A large bearish position on AT&T (NYSE:T) has been observed, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $13.0 to $20.0 for AT&T over the last 3 months. RBC Capital downgraded its action to Sector Perform with a price target of $19.
May 31, 2023 | 6:16 pm
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A large bearish position on AT&T has been observed, with 70% of big-money traders showing bearish sentiment. RBC Capital downgraded its action to Sector Perform with a price target of $19.
The large bearish position observed in AT&T's options market indicates that big-money traders expect the stock price to decline. Additionally, RBC Capital's downgrade to Sector Perform with a price target of $19 further supports the bearish sentiment. This combination of factors suggests a negative short-term impact on AT&T's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100