Looking At Wells Fargo's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Wells Fargo (NYSE:WFC) as indicated by unusual options activity. The overall sentiment of big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $30.0 to $52.5 for Wells Fargo over the last 3 months. The price of WFC is currently down -1.36% at $45.53.
August 04, 2023 | 10:02 am
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Unusual options activity indicates a bearish stance on Wells Fargo. The price of WFC is currently down -1.36% at $45.53.
The unusual options activity, with a bearish sentiment, indicates that there may be a negative price movement for Wells Fargo in the short term. This is further supported by the current price drop of -1.36%.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100