Walmart Unusual Options Activity For August 11
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Walmart (NYSE:WMT), with a bearish stance being taken by a majority of investors. Of the 15 strange trades detected, 53% were bearish and 46% were bullish. The total amount for puts was $463,962 and for calls was $344,997. Whales have been targeting a price range from $140.0 to $230.0 for Walmart over the last 3 months. Several financial firms have given their ratings and price targets for Walmart, with the highest being $210 by Piper Sandler.
August 11, 2023 | 4:15 pm
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Walmart has seen unusual options activity with a majority of investors taking a bearish stance. The company has also received various ratings and price targets from financial firms.
The bearish stance taken by a majority of investors in the unusual options activity could potentially lead to a decrease in Walmart's stock price. Additionally, the various ratings and price targets given by financial firms could also influence the stock's performance.
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