This Is What Whales Are Betting On Valero Energy
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Valero Energy (NYSE:VLO) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 51% bullish and 48% bearish. The whales have been targeting a price range from $75.0 to $150.0 for Valero Energy over the last 3 months. Morgan Stanley, JP Morgan, and B of A Securities have given positive ratings and high price targets for the company.
July 24, 2023 | 6:31 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Valero Energy, with a significant options position. This could potentially drive the stock price up in the short term.
The large options position taken by a big investor indicates a strong belief in the company's potential growth. This could attract other investors, driving up demand for the stock and potentially increasing its price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100