This Is What Whales Are Betting On Procter & Gamble
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Procter & Gamble (NYSE:PG), with 70% of big-money traders showing a bearish sentiment. The price target for PG over the last 3 months has been between $145.0 to $165.0. Morgan Stanley, Citigroup, and Barclays have all given positive ratings to PG, with price targets of $174, $177, and $160 respectively. The next earnings are expected to be released in 2 days.
July 26, 2023 | 6:31 pm
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A large bearish position has been taken on Procter & Gamble, with a price target range of $145-$165. Positive ratings from Morgan Stanley, Citigroup, and Barclays. Earnings expected in 2 days.
The large bearish position taken by big-money traders indicates a potential decrease in PG's stock price. However, positive ratings from major financial institutions could counteract this bearish sentiment. The upcoming earnings release could also impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100