Check Out What Whales Are Doing With VLO
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Valero Energy (NYSE:VLO) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $90.0 to $135.0 for Valero Energy over the last 3 months. JP Morgan and B of A Securities have maintained their Overweight and Buy ratings on Valero Energy, with price targets of $171 and $160 respectively.
July 12, 2023 | 3:17 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Valero Energy, with unusual options activity indicating a price target range of $90.0 to $135.0. Despite this, JP Morgan and B of A Securities maintain positive ratings on the company.
The bearish stance taken by a large investor or institution, as indicated by unusual options activity, suggests a potential decrease in Valero Energy's stock price in the short term. However, the positive ratings maintained by JP Morgan and B of A Securities could mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100