Looking At Visa's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Visa (NYSE:V), with 54% of recent trades being bearish and 45% bullish. The trades range from $95.0 to $335.0 for Visa over the last 3 months. The price of Visa is up 1.52% at $243.1, with RSI indicators suggesting it may be approaching overbought. JP Morgan maintains an Overweight rating on Visa with a price target of $296.
August 25, 2023 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Bearish stance taken on Visa with majority of recent trades being bearish. The stock price is up 1.52% at $243.1. JP Morgan maintains an Overweight rating with a price target of $296.
The bearish stance taken by a significant investor, along with the fact that 54% of recent trades are bearish, could potentially drive the stock price down in the short term. However, the stock price is currently up and JP Morgan maintains an Overweight rating, indicating a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100