This Is What Whales Are Betting On Target
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Target (NYSE:TGT), with 60% of recent trades being bearish and 40% bullish. The mean open interest for Target options trades is 4474.5 with a total volume of 3,039.00. Whales have been targeting a price range from $65.0 to $150.0 for Target over the last 3 months. The price of TGT is up 0.29% at $132.9, and RSI indicators suggest the stock may be approaching overbought.
June 28, 2023 | 4:02 pm
News sentiment analysis
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NEGATIVE IMPACT
A significant investor has taken a bearish stance on Target, with 60% of recent trades being bearish. This could potentially impact the stock's price in the short term.
The bearish stance taken by a significant investor indicates a lack of confidence in the stock's performance, which could potentially lead to a decrease in the stock's price. The fact that 60% of recent trades are bearish further supports this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100