This Is What Whales Are Betting On BlackRock
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on BlackRock (NYSE:BLK) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $730.0 to $820.0 for BlackRock over the last 3 months. Several financial institutions including Morgan Stanley, Deutsche Bank, Citigroup, and JP Morgan have maintained their positive ratings on BlackRock.
July 20, 2023 | 6:46 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on BlackRock, with a significant options position. This could potentially impact the stock's performance in the short term.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests that there may be a belief that the stock's price will decrease. This could potentially lead to increased selling pressure on the stock, which could negatively impact its price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100