Check Out What Whales Are Doing With TGT
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Target (NYSE:TGT) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The options trades include 4 puts totaling $1,564,272 and 6 calls totaling $409,452. The price range targeted by these whales over the last 3 months is from $90.0 to $195.0.
August 23, 2023 | 7:05 pm
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A large investor has taken a significant bearish stance on Target, which could potentially impact the stock's price in the short term.
The bearish stance taken by a large investor or institution, as indicated by the unusual options trading activity, suggests that there may be a belief that the stock's price will decrease in the short term. This could potentially lead to a self-fulfilling prophecy if other investors follow suit and sell their shares, thereby driving the price down.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100