Check Out What Whales Are Doing With META
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Meta Platforms (NASDAQ:META) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. Whales have been targeting a price range from $295.0 to $315.0 for Meta Platforms over the last 3 months. RBC Capital and Wedbush have downgraded their actions to Outperform with price targets of $400 and $350 respectively, while Loop Capital maintains a Buy rating with a price target of $375.
September 07, 2023 | 2:01 pm
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A large investor has taken a bearish stance on Meta Platforms, with a significant options position. This could potentially impact the stock's performance in the short term.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests that there may be a belief that the stock's price will decrease. This could potentially lead to a sell-off, negatively impacting the stock's performance in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100