This Is What Whales Are Betting On SLB
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Schlumberger Limited (NYSE:SLB) as evidenced by a large position in its options. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $37.5 to $65.0 for SLB over the last 3 months. The current price of SLB is $57.02, down by 1.13%. Analysts from Morgan Stanley, Barclays, RBC Capital, and Susquehanna have given price targets ranging from $62 to $70.
July 27, 2023 | 8:46 pm
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POSITIVE IMPACT
A large bullish position in SLB options indicates potential positive movement. However, the sentiment among these traders is not overwhelmingly bullish, with a 58% to 41% split. Analysts' price targets suggest potential upside.
The large bullish position in SLB options indicates that a significant investor or group of investors expects the stock to rise. However, the sentiment among these traders is not overwhelmingly bullish, suggesting some uncertainty. The price targets given by analysts from Morgan Stanley, Barclays, RBC Capital, and Susquehanna range from $62 to $70, which is above the current price of $57.02, indicating potential upside.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100