Check Out What Whales Are Doing With Block
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Block (NYSE:SQ), with 63% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $72.0 to $90.0 for Block over the last 3 months. The price of SQ is up 2.19% at $79.11. Jefferies, Truist Securities, and Keybanc have maintained their Buy and Overweight ratings on Block, with price targets of $90 and $85 respectively.
July 27, 2023 | 3:05 pm
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NEGATIVE IMPACT
Bearish stance by a whale investor and majority of other investors could put downward pressure on Block's stock. However, maintained Buy and Overweight ratings from Jefferies, Truist Securities, and Keybanc could provide some support.
The bearish stance by a whale investor and majority of other investors indicates a negative sentiment towards the stock, which could lead to selling pressure. However, the maintained Buy and Overweight ratings from Jefferies, Truist Securities, and Keybanc indicate a positive outlook, which could provide some support to the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100