This Is What Whales Are Betting On Wells Fargo
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Wells Fargo (NYSE:WFC), with 66% of detected trades being bearish. The targeted price range for Wells Fargo over the last 3 months has been $30.0 to $47.5. The current price of WFC is $43.45, up 0.13%. Citigroup, Raymond James, Morgan Stanley, and RBC Capital have all provided their ratings and price targets for Wells Fargo.
July 05, 2023 | 8:02 pm
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Bearish sentiment is prevalent in Wells Fargo's options trading, with a targeted price range of $30.0 to $47.5. The current price of WFC is $43.45.
The bearish sentiment in Wells Fargo's options trading, along with the targeted price range, suggests that investors are expecting the price of WFC to decrease. This could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100