Wells Fargo Unusual Options Activity For August 09
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Wells Fargo (NYSE:WFC), with a majority of investors taking a bearish stance. Of the 10 strange trades detected, 80% were bearish and 20% bullish. The total amount for puts was $948,057 and for calls, $335,980. Whales have been targeting a price range from $40.0 to $50.0 for Wells Fargo over the last 3 months. The current price of WFC is down -1.62% at $43.76. Several experts have maintained their ratings on Wells Fargo, with price targets ranging from $45 to $52.
August 09, 2023 | 5:46 pm
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Wells Fargo has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of WFC is down -1.62% at $43.76. Price targets from experts range from $45 to $52.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the price of Wells Fargo to decrease. This, combined with the current price decrease of -1.62%, suggests a negative short-term impact on the stock. However, the maintained ratings and price targets from experts indicate some level of confidence in the stock's performance in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100