Vale Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Vale (NYSE:VALE) by a whale investor. Out of the 13 unusual trades detected, 53% were bearish and 46% bullish. The total amount for puts was $1,097,507 and for calls, $179,279. The targeted price range for Vale over the last 3 months was $10.0 to $25.0. The current price of VALE is down -2.78% at $12.55. RBC Capital downgraded its action to Outperform with a price target of $15.
August 14, 2023 | 3:01 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A significant bearish stance has been taken on Vale by a whale investor. The targeted price range for Vale over the last 3 months was $10.0 to $25.0. The current price of VALE is down -2.78% at $12.55. RBC Capital downgraded its action to Outperform with a price target of $15.
The bearish stance taken by a whale investor, along with the majority of unusual trades being bearish, indicates a potential downward pressure on Vale's stock price. The current price is already down by -2.78%. Furthermore, RBC Capital's downgrade to Outperform with a price target of $15 suggests a lower expectation for the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100