This Is What Whales Are Betting On Target
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Target (NYSE:TGT), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $100.0 to $175.0 for Target over the last 3 months. The price of TGT is up 2.12% at $134.7, with RSI indicators hinting that the stock may be approaching overbought.
July 03, 2023 | 4:19 pm
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A large bearish position has been taken on Target, indicating potential downward pressure on the stock. The stock is currently up 2.12% at $134.7, but may be approaching overbought according to RSI indicators.
The large bearish position taken on Target indicates that there is a belief among some traders that the stock price will decrease. This could put downward pressure on the stock. Additionally, the stock may be approaching overbought according to RSI indicators, which could also suggest a potential decrease in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100