Check Out What Whales Are Doing With SCHW
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $50.0 to $60.0 for Charles Schwab over the last 3 months. Piper Sandler and Morgan Stanley have maintained their Overweight and Equal-Weight ratings on Charles Schwab, with price targets of $86 and $71 respectively.
August 22, 2023 | 2:16 pm
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Unusual options activity indicates a significant bearish stance on Charles Schwab. The sentiment among big-money traders is 75% bearish. Analysts from Piper Sandler and Morgan Stanley have maintained their positive ratings on the stock.
The bearish sentiment indicated by the unusual options activity suggests that the stock price may decrease in the short term. However, the positive ratings from Piper Sandler and Morgan Stanley could potentially mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100