This Is What Whales Are Betting On Bank of America
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Bank of America (NYSE:BAC), with 50% of the investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $25.0 to $40.0 for Bank of America over the last 3 months. The price of BAC is currently down -1.89% at $28.6. Oppenheimer has maintained their Outperform rating on Bank of America, with a price target of $49.
August 22, 2023 | 3:31 pm
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Whale investor has taken a bullish stance on Bank of America, targeting a price range from $25.0 to $40.0. Current price is down -1.89% at $28.6. Oppenheimer maintains Outperform rating with a price target of $49.
The bullish stance of a whale investor, along with the maintained Outperform rating from Oppenheimer, indicates a positive outlook for Bank of America. Despite the current price drop, the targeted price range and the price target from Oppenheimer suggest potential for price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100