Check Out What Whales Are Doing With WMT
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Walmart (NYSE:WMT), with 66% of the detected trades being bearish and 33% bullish. The trades include 4 puts amounting to $254,965 and 8 calls amounting to $566,099. The targeted price range for Walmart over the last 3 months has been $80.0 to $160.0. The current price of WMT is $157.55, up 0.34%. Several financial institutions have maintained or upgraded their ratings on Walmart, with price targets ranging from $167 to $210.
August 23, 2023 | 4:33 pm
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A significant investor has taken a bearish stance on Walmart. The targeted price range for Walmart over the last 3 months has been $80.0 to $160.0. The current price of WMT is $157.55, up 0.34%. Several financial institutions have maintained or upgraded their ratings on Walmart, with price targets ranging from $167 to $210.
The bearish stance taken by a significant investor, along with the high volume of bearish trades, could potentially drive the price of Walmart's stock down in the short term. However, the maintained and upgraded ratings from financial institutions, along with their high price targets, suggest a positive outlook for the company in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100