Visa Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Visa (NYSE:V) with 75% of detected unusual options trades being bearish. Whales have been targeting a price range of $160 to $240 for Visa over the last 3 months. Visa's stock price is down 0.75% at $227.09, and RSI indicators show it as neutral. Wedbush downgraded Visa to Outperform with a price target of $270.
June 05, 2023 | 8:02 pm
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A whale has taken a bearish stance on Visa with 75% of detected unusual options trades being bearish. Visa's stock price is down 0.75% at $227.09, and RSI indicators show it as neutral.
The bearish stance taken by a whale with a significant amount of money to spend indicates a potential negative impact on Visa's stock price in the short term. The fact that 75% of the unusual options trades are bearish suggests that there is a strong sentiment among these investors that the stock price will decline. Additionally, the stock price is already down 0.75% at $227.09, and RSI indicators show it as neutral, which means it is not currently overbought or oversold, making it more susceptible to price fluctuations based on market sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100