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 40% bullish and 60% bearish. The whales have been targeting a price range from $40.0 to $45.0 for Wells Fargo over the last 3 months. The current price of WFC is down -1.32% at $41.93. Morgan Stanley and Atlantic Equities have maintained their Overweight rating on Wells Fargo, with a price target of $52.
August 22, 2023 | 5:01 pm
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A large investor has taken a bearish stance on Wells Fargo, with the sentiment among big-money traders being more bearish than bullish. The current price is down, but analysts maintain an Overweight rating.
The bearish stance taken by a large investor, along with the overall bearish sentiment among big-money traders, could potentially drive the stock price down in the short term. However, the Overweight rating maintained by analysts like Morgan Stanley and Atlantic Equities indicates a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100