This Is What Whales Are Betting On Apollo Global Management
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Apollo Global Management (NYSE:APO) by a large investor, as indicated by a large position in options. The sentiment of these big-money traders is 100% bearish. The whales have been targeting a price range from $80.0 to $92.5 for Apollo Global Management over the last 3 months. The price of APO is currently down -0.95% at $81.7. Analysts from Goldman Sachs, Morgan Stanley, BMO Capital, and Barclays have maintained their ratings on Apollo Global Management.
August 09, 2023 | 8:16 pm
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A large investor has taken a bearish stance on Apollo Global Management, indicating potential downward pressure on the stock.
The bearish stance taken by a large investor, as indicated by a significant position in options, suggests that there may be downward pressure on the stock in the short term. This is further supported by the 100% bearish sentiment among big-money traders.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100