This Is What Whales Are Betting On Petrobras Brasileiro
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Petrobras Brasileiro (NYSE:PBR), with unusual options activity spotted. The sentiment among these big-money traders is split between 68% bullish and 31% bearish. Whales have been targeting a price range from $10.0 to $30.0 for Petrobras Brasileiro over the last 3 months. The price of PBR is currently down -2.83% at $13.93. Morgan Stanley, JP Morgan, and Goldman Sachs have all upgraded their ratings on PBR, with price targets of $16, $15, and $18 respectively.
June 30, 2023 | 7:02 pm
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POSITIVE IMPACT
Unusual options activity and bullish sentiment from a large investor could potentially drive Petrobras Brasileiro's stock price up. Upgraded ratings and higher price targets from major banks also indicate positive short-term impact.
The news of a large investor taking a bullish stance, coupled with upgraded ratings and higher price targets from major banks, indicates a positive sentiment towards Petrobras Brasileiro. This could potentially drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100