This Is What Whales Are Betting On CVS Health
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on CVS Health (NYSE:CVS) by a large investor, as indicated by unusual options trading activity. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The whales have been targeting a price range from $37.5 to $75.0 for CVS Health over the last 3 months. JP Morgan and Truist Securities have maintained their Overweight and Buy ratings on CVS Health, respectively, with price targets of $106 and $103.
July 07, 2023 | 8:33 pm
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Unusual options trading activity indicates a significant bullish stance on CVS Health. The sentiment among these traders is split 50% bullish and 50% bearish. JP Morgan and Truist Securities have maintained their positive ratings on CVS Health.
The unusual options trading activity, with a significant portion being bullish, indicates that large investors are expecting CVS Health's stock price to rise. This is further supported by the positive ratings maintained by JP Morgan and Truist Securities, which suggest a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100