Check Out What Whales Are Doing With ORLY
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on O'Reilly Automotive (NASDAQ:ORLY) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The price target for ORLY, based on Volume and Open Interest, ranges from $740.0 to $970.0. The current price of ORLY is down -3.54% at $931.46. Analysts from Truist Securities, Wedbush, Wells Fargo, and Stephens & Co. have maintained their ratings on ORLY, with price targets ranging from $940 to $1075.
July 27, 2023 | 4:17 pm
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A large investor has taken a bearish stance on O'Reilly Automotive, with a price target ranging from $740.0 to $970.0. The current price is down -3.54% at $931.46.
The bearish stance taken by a large investor or institution, as indicated by a significant position in options, suggests a potential downward movement in the short term. This is further supported by the current price drop of -3.54%. However, the sentiment among big-money traders is split, with 40% bullish and 60% bearish, indicating some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100