This Is What Whales Are Betting On JPMorgan Chase
Portfolio Pulse from Benzinga Insights
A large bearish position on JPMorgan Chase (NYSE:JPM) has been noticed, with 26 uncommon options trades spotted. The sentiment of these big-money traders is split between 42% bullish and 57% bearish. Whales have been targeting a price range from $130.0 to $165.0 for JPMorgan Chase over the last 3 months. Citigroup and Morgan Stanley have downgraded their actions to Buy and Overweight respectively, with price targets of $165 and $160.
June 30, 2023 | 4:01 pm
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A large bearish position has been taken on JPMorgan Chase, with a split sentiment among big-money traders. Citigroup and Morgan Stanley have downgraded their actions with price targets of $165 and $160 respectively.
The large bearish position taken on JPMorgan Chase indicates a potential decrease in the stock's price. The downgrades by Citigroup and Morgan Stanley further support this. However, the split sentiment among traders introduces some uncertainty.
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