Looking At Dell Technologies's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Dell Technologies (NYSE:DELL) with 54% of detected unusual options trades being bearish. The price target range for Dell Technologies over the last 3 months is $42.5 to $50.0. Evercore ISI Group and Morgan Stanley maintain their positive ratings with a price target of $55.
June 01, 2023 | 4:04 pm
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NEGATIVE IMPACT
A whale has taken a bearish stance on Dell Technologies with 54% of detected unusual options trades being bearish. The price target range for Dell Technologies over the last 3 months is $42.5 to $50.0.
The bearish stance taken by a whale with a significant amount of money to spend indicates a potential negative short-term impact on Dell Technologies' stock price. The price target range of $42.5 to $50.0 also suggests a possible downward movement. However, positive ratings from Evercore ISI Group and Morgan Stanley may mitigate the impact to some extent.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100