Check Out What Whales Are Doing With DVN
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Devon Energy (NYSE:DVN) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 28% bullish and 71% bearish. The whales have been targeting a price range from $40.0 to $70.0 for Devon Energy over the last 3 months. The price of DVN is up 1.11% at $51.12. Several experts have given their ratings and price targets on Devon Energy.
July 12, 2023 | 6:03 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Devon Energy. The sentiment among big-money traders is 71% bearish. The stock price is currently up 1.11%.
The unusual options activity, with a significant bearish sentiment among big-money traders, indicates that there may be a negative impact on the stock price of Devon Energy in the short term. The current increase in stock price does not necessarily contradict this, as the market may not have fully reacted to this activity yet.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100