Walmart Unusual Options Activity For August 10
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Walmart (NYSE:WMT) has been observed through unusual options activity. The sentiment among big-money traders is 85% bearish, with 14 uncommon options trades spotted for Walmart. Whales have been targeting a price range from $135.0 to $170.0 for Walmart over the last 3 months. Despite this, Wells Fargo, Oppenheimer, Jefferies, and Piper Sandler maintain positive ratings on Walmart with price targets ranging from $175 to $210.
August 10, 2023 | 6:47 pm
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Unusual bearish options activity has been observed for Walmart, indicating potential downward pressure on the stock. However, positive ratings from analysts may counteract this.
The bearish options activity indicates that traders are expecting the price of Walmart to decrease. However, positive ratings from analysts suggest they believe the company's fundamentals are strong, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100