This Is What Whales Are Betting On Vale
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Vale (NYSE:VALE) by a large investor or institution, as indicated by a large position in options. The overall sentiment of these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $12.0 to $18.0 for Vale over the last 3 months. The price of VALE is currently up 3.02% at $13.82.
July 03, 2023 | 4:48 pm
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NEGATIVE IMPACT
A large investor has taken a significant bearish stance on Vale, indicating potential downward pressure on the stock in the short term.
The bearish stance taken by a large investor or institution, as indicated by the large position in options, suggests that there may be downward pressure on the stock in the short term. This is further supported by the 80% bearish sentiment among big-money traders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100