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 75% bearish and 25% bullish. The targeted price range for Walmart over the last 3 months is $145.0 to $170.0. Piper Sandler upgraded its action to Overweight with a price target of $210, while Morgan Stanley downgraded its action to Overweight with a price target of $160.
July 25, 2023 | 3:03 pm
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Unusual options activity indicates a significant bearish sentiment on Walmart. The targeted price range is $145.0 to $170.0. Analysts have mixed opinions with Piper Sandler upgrading to Overweight with a price target of $210 and Morgan Stanley downgrading to Overweight with a price target of $160.
The unusual options activity with a significant bearish sentiment indicates that traders expect Walmart's stock price to decrease. This, combined with the mixed analyst ratings, could lead to increased volatility and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100