Check Out What Whales Are Doing With BAC
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Bank of America (NYSE:BAC), with 54% of detected trades having bearish expectations. Whales have been targeting a price range of $25.0 to $45.0 for BAC over the last 3 months. Evercore ISI Group maintains an Outperform rating with a price target of $35.
June 06, 2023 | 2:32 pm
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NEUTRAL IMPACT
Whale investor takes a bearish stance on Bank of America, with 54% of detected trades being bearish. Evercore ISI Group maintains an Outperform rating with a price target of $35.
The bearish stance taken by the whale investor may create some short-term downward pressure on BAC's stock price. However, Evercore ISI Group's maintained Outperform rating and $35 price target suggest a positive outlook for the stock in the longer term. The mixed sentiment makes it difficult to predict the short-term impact on BAC's stock price, resulting in a neutral score.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100