Check Out What Whales Are Doing With JPM
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $80.0 to $170.0 for JPMorgan Chase over the last 3 months. Several financial institutions have maintained their positive ratings on JPMorgan Chase, with price targets ranging from $160 to $227.
August 14, 2023 | 7:33 pm
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A large investor has taken a bearish stance on JPMorgan Chase, indicating potential downward pressure on the stock in the short term. However, several financial institutions have maintained their positive ratings on the company.
The bearish stance taken by a large investor, as indicated by unusual options activity, could put downward pressure on JPMorgan Chase's stock in the short term. However, the positive ratings maintained by several financial institutions could counteract this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100