Valero Energy Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Valero Energy (NYSE:VLO) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $45.0 to $125.0 for Valero Energy over the last 3 months. The price of VLO is up 2.3% at $120.73. B of A Securities, Morgan Stanley, and JP Morgan have maintained their positive ratings on Valero Energy with price targets of $160 and $171.
July 20, 2023 | 8:15 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Valero Energy. The stock price is currently up, and major financial institutions maintain positive ratings.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. However, the stock price is currently up and major financial institutions have maintained their positive ratings, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100