Blackstone Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Blackstone (NYSE:BX) as indicated by unusual options activity. The sentiment among big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $90.0 to $110.0 for Blackstone over the last 3 months. The price of BX is currently up 1.1% at $99.55. Wells Fargo has maintained their Overweight rating on Blackstone, with a price target of $104.
July 12, 2023 | 3:48 pm
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Unusual options activity indicates a bearish sentiment towards Blackstone. The price of BX is currently up 1.1% at $99.55. Wells Fargo maintains their Overweight rating on Blackstone, with a price target of $104.
The unusual options activity, with 80% of big-money traders being bearish, indicates a potential downward movement for Blackstone's stock in the short term. This is further supported by the fact that the whales have been targeting a price range from $90.0 to $110.0 for Blackstone over the last 3 months, which is below the current price of $99.55. However, Wells Fargo's maintained Overweight rating and price target of $104 suggests some positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100