Check Out What Whales Are Doing With Boeing
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Boeing (NYSE:BA), with 68% of detected trades showing bearish expectations. The whales have been targeting a price range from $120.0 to $300.0 for Boeing over the last 3 months. The current price of BA is $217.71, with RSI indicators suggesting a neutral position. Morgan Stanley and RBC Capital have both downgraded their action to Equal-Weight and Sector Perform respectively, with a price target of $220.
July 13, 2023 | 6:21 pm
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NEGATIVE IMPACT
Bearish sentiment detected in Boeing's options trades. The current price of BA is $217.71, with RSI indicators suggesting a neutral position. Morgan Stanley and RBC Capital have both downgraded their action with a price target of $220.
The bearish sentiment detected in Boeing's options trades, along with the downgrades from Morgan Stanley and RBC Capital, suggest a potential negative short-term impact on the stock. The targeted price range by whales also indicates a potential downside from the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100