Wells Fargo Unusual Options Activity For June 30
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Wells Fargo (NYSE:WFC), with a majority of investors taking a bullish stance. Whales have been targeting a price range from $37.5 to $50.0 for Wells Fargo over the last 3 months. The price of WFC is up 0.74% at $42.77. Citigroup, RBC Capital, and Morgan Stanley have all provided their ratings and price targets for Wells Fargo.
June 30, 2023 | 7:46 pm
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Wells Fargo has seen unusual options activity, with a majority of investors taking a bullish stance. The stock price is up 0.74% at $42.77. Analysts from Citigroup, RBC Capital, and Morgan Stanley have provided their ratings and price targets.
The unusual options activity, majority of which is bullish, indicates a positive sentiment among investors. This, coupled with the recent increase in stock price, suggests a potential short-term upward movement for Wells Fargo. However, the final impact will also depend on the upcoming earnings report and other market factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100