This Is What Whales Are Betting On PNC Finl Servs Gr
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PNC Financial Services Group (NYSE:PNC) by a large investor, as observed in the options history. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $100.0 to $135.0 for PNC over the last 3 months. The price of PNC is currently down by 2.55% at $126.48. Morgan Stanley has downgraded its action to Underweight with a price target of $137.
July 14, 2023 | 7:20 pm
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A large investor has taken a bearish stance on PNC Financial Services Group (NYSE:PNC). The sentiment among big-money traders is 75% bearish. Morgan Stanley has downgraded its action to Underweight with a price target of $137.
The bearish stance taken by a large investor, as well as the 75% bearish sentiment among big-money traders, indicates a negative outlook for PNC. This is further reinforced by Morgan Stanley's downgrade of PNC to Underweight with a price target of $137, which is higher than the current price of $126.48. These factors suggest a potential decrease in PNC's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100