This Is What Whales Are Betting On Walmart
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Walmart (NYSE:WMT), with 75% of the observed trades being bearish. The targeted price range for Walmart over the last 3 months is from $120.0 to $165.0. The current price of WMT is down -0.35% at $159.3. Piper Sandler upgraded its action to Overweight with a price target of $210.
August 04, 2023 | 9:57 am
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Bearish stance observed on Walmart with majority of trades being bearish. Piper Sandler upgraded its action to Overweight with a price target of $210.
The bearish stance taken by a significant investor indicates a potential downward pressure on the stock. However, the upgrade by Piper Sandler to Overweight with a price target of $210 provides a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100