Check Out What Whales Are Doing With Verizon Communications
Portfolio Pulse from Benzinga Insights
A large bearish position on Verizon Communications (NYSE:VZ) has been spotted, with 63% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $31.0 to $50.0 for Verizon over the last 3 months. Tigress Financial downgraded its action to Buy with a price target of $64.
June 01, 2023 | 8:03 pm
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A large bearish position has been spotted on Verizon Communications (NYSE:VZ), with 63% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $31.0 to $50.0 for Verizon over the last 3 months.
The large bearish position on Verizon Communications indicates that big-money traders expect the stock price to decline in the short term. With 63% of these traders showing bearish sentiment and whales targeting a price range of $31.0 to $50.0, it is likely that the stock price will be negatively impacted in the short term. Additionally, Tigress Financial's downgrade to Buy with a price target of $64 may also contribute to the bearish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100