Check Out What Whales Are Doing With IBM
Portfolio Pulse from Benzinga Insights
A large bearish position on IBM (NYSE:IBM) has been spotted on Benzinga's options scanner, with 11 uncommon options trades identified. The sentiment of these big-money traders is 9% bullish and 90% bearish, with a price target range of $120 to $150 for IBM over the last 3 months.
June 21, 2023 | 2:48 pm
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A large bearish position has been identified on IBM, with 90% bearish sentiment among big-money traders. The price target range for IBM is $120 to $150 over the last 3 months.
The large bearish position on IBM indicates that big-money traders expect the stock price to decline in the short term. With 90% bearish sentiment, this suggests a strong negative outlook for the stock. The price target range of $120 to $150 over the last 3 months also supports this bearish view.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100