This Is What Whales Are Betting On Devon Energy
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Devon Energy (NYSE:DVN) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split evenly between bullish and bearish. The whales have been targeting a price range from $37.5 to $57.5 for Devon Energy over the last 3 months. The price of DVN is currently down -2.2% at $47.44. Several experts have given their opinions on Devon Energy, with price targets ranging from $58 to $71.
July 06, 2023 | 7:17 pm
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A large investor has taken a bullish stance on Devon Energy, with big-money traders split between bullish and bearish. The current price of DVN is down -2.2% at $47.44, with price targets ranging from $58 to $71.
The news of a large investor taking a bullish stance on Devon Energy, coupled with the price targets given by experts, indicates a positive short-term impact on the company's stock. However, the sentiment among big-money traders being split evenly between bullish and bearish introduces some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100