BlackRock Unusual Options Activity For July 28
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on BlackRock (NYSE:BLK) with 70% of investors opening trades with bearish expectations. The whales have been targeting a price range from $710.0 to $820.0 for BlackRock over the last 3 months. The price of BLK is up 1.2% at $737.85. Several financial institutions have maintained their positive ratings on BlackRock, with price targets ranging from $770 to $888.
July 28, 2023 | 7:01 pm
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Bearish stance taken on BlackRock with 70% of trades. Price targets range from $710 to $820. BLK price up 1.2% at $737.85. Positive ratings maintained by several financial institutions.
The bearish stance taken by a majority of investors indicates a potential decrease in BlackRock's stock price. However, the positive ratings maintained by several financial institutions could counteract this bearish sentiment. The price targets set by these institutions are higher than the current price, indicating potential growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100