This Is What Whales Are Betting On Newmont
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Newmont (NYSE:NEM) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $35.0 to $48.0 for Newmont over the last 3 months. The price of NEM is currently down -1.01% at $40.25. Argus Research and TD Securities maintain their Buy rating on Newmont, Barclays upgraded its action to Overweight, while CIBC downgraded its action to Neutral.
August 04, 2023 | 1:59 pm
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A large investor has taken a bearish stance on Newmont, which may impact the stock's performance. The sentiment among big-money traders is split, with a slight lean towards bearish.
The bearish stance taken by a large investor, as indicated by a significant options position, could potentially drive the stock price down in the short term. The sentiment among big-money traders is also slightly bearish, which could further impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100