This Is What Whales Are Betting On Chevron
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Chevron (NYSE:CVX), with 54% of investors opening trades with bearish expectations. The whales have been targeting a price range from $150.0 to $185.0 for Chevron over the last 3 months. The price of CVX is up 0.62% at $154.7. Citigroup, Raymond James, Mizuho, and Morgan Stanley have maintained their ratings on Chevron with price targets of $170, $200, $205, and $197 respectively.
July 19, 2023 | 6:15 pm
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Chevron has seen a bearish stance from a significant investor, with a targeted price range of $150-$185. The stock price is currently up 0.62% at $154.7. Major firms have maintained their ratings with varying price targets.
The bearish stance from a significant investor, along with the targeted price range, indicates potential downward pressure on the stock. However, the current upward trend in price and maintained ratings from major firms suggest a balanced outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100