Blackstone Unusual Options Activity For August 29
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Blackstone (NYSE:BX), with 57% of the investors opening trades with bearish expectations. The whales have been targeting a price range from $80.0 to $105.0 for Blackstone over the last 3 months. The price of BX is up 3.39% at $104.3, with RSI indicators suggesting the stock may be approaching overbought. Next earnings are expected in 51 days.
August 29, 2023 | 8:16 pm
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Bearish stance taken by a significant investor on Blackstone (NYSE:BX). The stock is currently up 3.39% at $104.3, with indications of being overbought. Earnings expected in 51 days.
The bearish stance taken by a significant investor, along with the stock being potentially overbought, suggests a possible downward pressure on the stock price in the short term. The upcoming earnings release could also impact the stock price depending on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100