This Is What Whales Are Betting On Lowe's Companies
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Lowe's Companies (NYSE:LOW) by a large investor, as indicated by a large position in options. The sentiment among big-money traders is split, with 35% bullish and 64% bearish. The targeted price range for Lowe's over the last 3 months is $210.0 to $310.0. Argus Research, Truist Securities, and Wedbush have maintained their respective ratings on Lowe's.
July 27, 2023 | 5:16 pm
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A large investor has taken a bearish stance on Lowe's, with a significant options position. This could potentially impact the stock's performance in the short term.
The large options position indicates that a significant investor is expecting a decrease in the price of Lowe's stock. This could potentially lead to a self-fulfilling prophecy, as other investors may follow suit and sell their shares, leading to a decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100