Looking At BlackRock's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on BlackRock (NYSE:BLK) with 69% of detected unusual options trades being bearish. Whales have been targeting a price range of $500 to $990 for BlackRock over the last 3 months. Citigroup downgraded its action to Buy with a price target of $750.
June 08, 2023 | 7:03 pm
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BlackRock has seen unusual options activity with a bearish stance, as 69% of detected trades are bearish. Whales target a price range of $500-$990. Citigroup downgraded its action to Buy with a $750 price target.
The bearish stance taken by a whale with a high percentage of detected unusual options trades being bearish indicates a potential negative impact on BlackRock's stock price in the short term. Additionally, Citigroup's downgrade to Buy with a $750 price target may also contribute to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100