Blackstone Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Blackstone (NYSE:BX) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 80% bearish and 20% bullish. The whales have been targeting a price range from $85.0 to $110.0 for Blackstone over the last 3 months. Wells Fargo and Barclays have maintained their Overweight and Equal-Weight ratings on Blackstone, respectively.
July 17, 2023 | 3:47 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Blackstone, indicating potential downward pressure on the stock. The sentiment among big-money traders is 80% bearish.
The unusual options activity indicates that a large investor is betting on a decline in Blackstone's stock price. This could put downward pressure on the stock in the short term. The sentiment among big-money traders is predominantly bearish, which further supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100