This Is What Whales Are Betting On Chevron
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Chevron (NYSE:CVX), with 70% of the spotted trades being bearish. The whales have been targeting a price range from $140.0 to $210.0 for Chevron over the last 3 months. The price of CVX is currently down -0.31% at $153.54. JP Morgan, RBC Capital, and Piper Sandler have upgraded their ratings on Chevron with price targets of $170, $180, and $188 respectively.
June 27, 2023 | 7:03 pm
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A whale investor has taken a bearish stance on Chevron (NYSE:CVX), with 70% of the spotted trades being bearish. The price of CVX is currently down -0.31% at $153.54. JP Morgan, RBC Capital, and Piper Sandler have upgraded their ratings on Chevron with price targets of $170, $180, and $188 respectively.
The bearish stance taken by a whale investor, who typically has significant influence on the market, could potentially drive the stock price down in the short term. However, the upgraded ratings and higher price targets set by JP Morgan, RBC Capital, and Piper Sandler could have a positive impact on the stock price in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100