Check Out What Whales Are Doing With BAC
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Bank of America (NYSE:BAC), as evidenced by a significant position in options. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $20.0 to $42.0 for Bank of America over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $35, while Citigroup maintains a Neutral rating with a price target of $31.
July 05, 2023 | 3:33 pm
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A large investor has taken a bearish stance on Bank of America, which could potentially impact the stock's price in the short term. The overall sentiment of big-money traders is more bearish than bullish.
The bearish stance taken by a large investor, as evidenced by a significant options position, indicates a potential negative impact on the stock's price in the short term. The overall sentiment of big-money traders, which is more bearish than bullish, further supports this potential impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100