Looking At Walt Disney's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Walt Disney (NYSE:DIS) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $70.0 to $125.0 for Walt Disney over the last 3 months. Several financial institutions have maintained their positive ratings on Disney, with price targets ranging from $105 to $147, while Atlantic Equities downgraded its action to Underweight with a price target of $76.
August 04, 2023 | 1:36 pm
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Unusual options activity indicates a significant bearish stance on Walt Disney. The sentiment among big-money traders is 75% bearish and 25% bullish, targeting a price range from $70.0 to $125.0.
The unusual options activity and the bearish sentiment among big-money traders could potentially drive the stock price down in the short term. However, several financial institutions have maintained their positive ratings on Disney, which could counterbalance the bearish sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100