This Is What Whales Are Betting On Las Vegas Sands
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Las Vegas Sands (NYSE:LVS) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 60% bullish and 40% bearish. The whales have been targeting a price range from $45.0 to $67.5 for Las Vegas Sands over the last 3 months. Jefferies has downgraded its action to Hold with a price target of $65, while JP Morgan maintains their Overweight rating with a price target of $72.
June 29, 2023 | 6:49 pm
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Las Vegas Sands has seen significant bullish options activity, indicating a potential upward movement in the short term. Analysts have mixed views, with Jefferies downgrading to Hold and JP Morgan maintaining an Overweight rating.
The unusual options activity, with a majority being bullish, indicates that large investors are expecting an upward movement in the price of Las Vegas Sands. This could potentially drive the stock price up in the short term. However, the mixed analyst ratings from Jefferies and JP Morgan could create some uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100