This Is What Whales Are Betting On CVS Health
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on CVS Health (NYSE:CVS) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is 30% bullish and 70% bearish. The targeted price range for CVS Health over the last 3 months is $70.0 to $77.5. The current price of CVS is $75.12, up 0.33%. JP Morgan, Barclays, and Mizuho have maintained their positive ratings on CVS Health, with price targets of $106, $89, and $88 respectively.
July 21, 2023 | 3:17 pm
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A large investor has taken a bearish stance on CVS Health, with a 70% bearish sentiment among big-money traders. The current price of CVS is $75.12, up 0.33%. Positive ratings have been maintained by JP Morgan, Barclays, and Mizuho.
The bearish stance taken by a large investor, as indicated by a significant position in options, suggests a potential downward movement in the short term. However, the positive ratings maintained by JP Morgan, Barclays, and Mizuho indicate a positive long-term outlook. The current price of CVS is $75.12, which is within the targeted price range of $70.0 to $77.5 over the last 3 months.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100