Looking At Walt Disney's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Walt Disney (NYSE:DIS), with a majority of investors taking a bearish stance. The targeted price range for Disney's stock over the last three months has been between $85.0 and $160.0. The current price of DIS is down by 0.88% at $90.95. Analysts from Wells Fargo, Morgan Stanley, Evercore ISI Group, and Rosenblatt have maintained their positive ratings on Disney, while Atlantic Equities has downgraded its rating to Underweight.
August 11, 2023 | 2:31 pm
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NEUTRAL IMPACT
Unusual options activity and analyst ratings indicate a mixed outlook for Walt Disney. Majority of options traders are bearish, while most analysts maintain a positive rating.
The bearish stance from options traders could put downward pressure on Disney's stock. However, positive ratings from analysts could counteract this effect. The downgrade from Atlantic Equities is a negative signal.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100