This Is What Whales Are Betting On Shell
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Shell (NYSE:SHEL) by a large investor or institution, as indicated by a large position appearing on publicly available options history. The overall sentiment of these big-money traders is split between 62% bullish and 37% bearish. The whales have been targeting a price range from $55.0 to $70.0 for Shell over the last 3 months. Wells Fargo has maintained their Overweight rating on Shell, with a price target of $77.
July 13, 2023 | 7:08 pm
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A large investor has taken a bullish stance on Shell, with a targeted price range of $55-$70. Wells Fargo maintains an Overweight rating with a $77 price target.
The news of a large investor taking a bullish stance on Shell, along with the maintained Overweight rating from Wells Fargo, indicates a positive outlook for the company's stock. This could potentially drive the stock price up in the short term.
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IMPORTANCE 80
RELEVANCE 100