Check Out What Whales Are Doing With Verizon Communications
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Verizon Communications (NYSE:VZ), with 58% of detected trades showing bullish expectations. Whales have been targeting a price range of $30.0 to $39.0 for Verizon over the last 3 months. The stock is currently down 4.91% at $33.97, and RSI indicators suggest it may be oversold. Tigress Financial downgraded its action to Buy with a price target of $64.
June 02, 2023 | 3:46 pm
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Whale investor bullish on Verizon Communications, targeting a price range of $30-$39. Stock down 4.91% at $33.97, may be oversold. Tigress Financial downgrades to Buy with $64 price target.
The bullish stance of the whale investor, combined with the stock being potentially oversold, suggests a positive short-term impact on Verizon's stock price. However, the downgrade by Tigress Financial may create some uncertainty, which is why the importance is set at 80 and confidence at 85.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100