This Is What Whales Are Betting On Meta Platforms
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Meta Platforms (NASDAQ:META), with 66% of recent trades being bearish and 33% bullish. The total amount for put options is $386,045 and for call options is $54,545. Whales have been targeting a price range from $200.0 to $380.0 for Meta Platforms over the last 3 months. Several financial institutions have maintained or upgraded their ratings on Meta Platforms, with price targets ranging from $335 to $389.
August 09, 2023 | 2:02 pm
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Bearish stance taken by a significant investor on Meta Platforms, with 66% of recent trades being bearish. Several financial institutions have maintained or upgraded their ratings on Meta Platforms, with price targets ranging from $335 to $389.
The bearish stance taken by a significant investor, indicated by the high percentage of bearish trades, could potentially drive the stock price down in the short term. However, the maintained or upgraded ratings from several financial institutions, along with their relatively high price targets, suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100