Check Out What Whales Are Doing With WFC
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Wells Fargo (NYSE:WFC) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $25.0 to $50.0 for Wells Fargo over the last 3 months. The current price of WFC is down -0.28% at $42.35. Morgan Stanley and Atlantic Equities have maintained their Overweight rating on Wells Fargo, with a price target of $52.
August 18, 2023 | 7:15 pm
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A large investor has taken a bearish stance on Wells Fargo, with the sentiment among big-money traders being split. The current price of WFC is down, but Morgan Stanley and Atlantic Equities have maintained their Overweight rating with a price target of $52.
The bearish stance taken by a large investor and the split sentiment among big-money traders could potentially drive the price down in the short term. However, the Overweight rating maintained by Morgan Stanley and Atlantic Equities indicates a positive outlook for the stock in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100