This Is What Whales Are Betting On Walmart
Portfolio Pulse from Benzinga Insights
A large bearish position on Walmart (NYSE:WMT) has been spotted, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $140 to $230 for Walmart over the last 3 months.
June 01, 2023 | 5:18 pm
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A large bearish position on Walmart has been spotted, with 70% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $140 to $230 for Walmart over the last 3 months.
The large bearish position indicates that a significant number of big-money traders believe Walmart's stock price may decline in the short term. This bearish sentiment could lead to increased selling pressure, causing the stock price to drop. The targeted price range of $140 to $230 also suggests that there is uncertainty about the stock's future performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100