Meta Platforms Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Meta Platforms (NASDAQ:META) with 46 uncommon options trades spotted, split between 54% bullish and 45% bearish. The whales have been targeting a price range from $115.0 to $400.0 for Meta Platforms over the last 3 months. The price of META is up 2.47% at $288.47. Wells Fargo downgraded its action to Equal-Weight with a price target of $276, while Oppenheimer, UBS, JMP Securities, and Citigroup maintain positive ratings with price targets ranging from $300 to $360.
June 30, 2023 | 3:31 pm
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Significant bullish options activity observed for Meta Platforms. Analysts maintain positive ratings with price targets ranging from $276 to $360.
The bullish options activity indicates a positive sentiment towards Meta Platforms. This, combined with the positive ratings and price targets from analysts, suggests a potential upward movement for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100