This Is What Whales Are Betting On Procter & Gamble
Portfolio Pulse from Benzinga Insights
A large bearish position on Procter & Gamble (NYSE:PG) has been spotted, with 63% of big-money traders showing bearish sentiment. Whales have been targeting a price range of $140 to $165 for the company over the last 3 months. The stock is currently up 1.5% at $146.12, and Truist Securities has downgraded its action to Hold with a price target of $155.
June 02, 2023 | 7:16 pm
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A large bearish position has been spotted on Procter & Gamble, with 63% of big-money traders showing bearish sentiment. The stock is currently up 1.5% at $146.12, and Truist Securities has downgraded its action to Hold with a price target of $155.
The large bearish position spotted on Procter & Gamble indicates that big-money traders expect the stock price to decline in the short term. This, combined with the downgrade from Truist Securities, suggests that the stock price may face downward pressure. The current price of $146.12 is within the targeted price range of $140 to $165, but the bearish sentiment and downgrade may push the price towards the lower end of the range.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100