This Is What Whales Are Betting On ONEOK
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on ONEOK (NYSE:OKE), as noticed by Benzinga's options scanner. The overall sentiment of these big-money traders is split between 44% bullish and 55% bearish. Whales have been targeting a price range from $50.0 to $67.5 for ONEOK over the last 3 months. Citigroup has downgraded its action to Buy with a price target of $73.
July 25, 2023 | 7:16 pm
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A large bearish position has been taken on ONEOK, indicating potential downward pressure on the stock. Citigroup has downgraded its action to Buy with a price target of $73.
The large bearish position taken on ONEOK indicates that a significant investor or institution expects the stock price to decrease. This could put downward pressure on the stock in the short term. Additionally, Citigroup's downgrade to Buy with a price target of $73 suggests they see limited upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100