Las Vegas Sands Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Las Vegas Sands (NYSE:LVS) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $35.0 to $67.5 for Las Vegas Sands over the last 3 months. Jefferies has downgraded its action to Hold with a price target of $65, while JP Morgan maintains their Overweight rating with a price target of $72.
July 05, 2023 | 7:15 pm
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Unusual options activity indicates a significant bearish stance on Las Vegas Sands. The sentiment of big-money traders is split, with a slight lean towards bearish. Analysts have mixed views, with Jefferies downgrading its action to Hold and JP Morgan maintaining an Overweight rating.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Las Vegas Sands to decrease. This could put downward pressure on the stock price in the short term. Additionally, the downgrade by Jefferies could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100