This Is What Whales Are Betting On Ferrari
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Ferrari (NYSE:RACE) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is 7% bullish and 92% bearish. The targeted price range for Ferrari over the last 3 months has been $280.0 to $380.0. The current price of RACE is down -3.03% at $308.1. Bernstein and Jefferies have maintained their Market Perform and Hold ratings respectively, both with a price target of $300. UBS has maintained their Buy rating with a price target of $375.
September 01, 2023 | 7:33 pm
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A large investor has taken a significant bearish stance on Ferrari, indicated by unusual options trades. The current price of RACE is down -3.03% at $308.1.
The bearish stance taken by a large investor, as indicated by unusual options trades, suggests that there may be a negative outlook for Ferrari. This, combined with the current price drop, could potentially lead to a further decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100