Walmart Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Walmart (NYSE:WMT) has been observed through unusual options activity. The sentiment among big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $125.0 to $155.0 for Walmart over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $160.
July 19, 2023 | 6:45 pm
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Unusual options activity indicates a bearish sentiment towards Walmart. This could potentially impact the stock's price in the short term.
The unusual options activity, with a significant bearish sentiment, indicates that investors are expecting the price of Walmart's stock to decrease. This could potentially lead to a drop in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100