This Is What Whales Are Betting On AT&T
Portfolio Pulse from Benzinga Insights
A large bearish position on AT&T (NYSE:T) has been noticed on publicly available options history. Benzinga's options scanner spotted 11 options trades for AT&T, with 10 being puts and 1 call. The sentiment of these big-money traders is split between 27% bullish and 72% bearish. Whales have been targeting a price range from $15.0 to $22.0 for AT&T over the last 3 months. Barclays has maintained their Equal-Weight rating on AT&T, with a price target of $17.
July 10, 2023 | 4:33 pm
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A large bearish position has been taken on AT&T, with 72% of big-money traders being bearish. The targeted price range is $15-$22. Barclays maintains an Equal-Weight rating with a price target of $17.
The large bearish position taken on AT&T indicates that there is a belief that the stock price will decrease. This is further supported by the fact that 72% of big-money traders are bearish. The targeted price range of $15-$22 suggests that there is a potential for the stock price to decrease. Barclays maintaining their Equal-Weight rating with a price target of $17 also suggests that they believe the stock is fairly valued at this price, which is within the targeted price range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100