This Is What Whales Are Betting On ConocoPhillips
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on ConocoPhillips (NYSE:COP) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $105.0 to $130.0 for ConocoPhillips over the last 3 months. The price of COP is up 1.16% at $123.55. Analysts from Mizuho, Jefferies, and UBS have maintained their ratings on ConocoPhillips, while RBC Capital has downgraded its action to Outperform.
September 05, 2023 | 7:15 pm
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A large investor has taken a bearish stance on ConocoPhillips, with a sentiment split of 41% bullish and 58% bearish among big-money traders. The stock price is up 1.16% at $123.55.
The bearish stance taken by a large investor, along with the split sentiment among big-money traders, indicates potential downward pressure on the stock price. However, the current price increase and the maintained ratings from several analysts may counteract this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100