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 unusual options trades. The sentiment among these big-money traders is 35% bullish and 64% bearish. The whales have been targeting a price range from $667.5 to $800.0 for BlackRock over the last 3 months. The current price of BLK is down -0.95% at $749.38. Major banks including Citigroup, JP Morgan, Deutsche Bank, and Morgan Stanley have maintained their positive ratings on BlackRock.
July 25, 2023 | 7:01 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on BlackRock, which may impact its stock price. However, positive ratings from major banks could counteract this.
The bearish stance taken by a large investor, indicated by unusual options trades, could potentially drive the stock price down. However, the positive ratings maintained by major banks such as Citigroup, JP Morgan, Deutsche Bank, and Morgan Stanley could provide a counteracting force.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100