This Is What Whales Are Betting On Bank of America
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Bank of America (NYSE:BAC), with Benzinga's options scanner spotting 10 uncommon options trades. The sentiment of these big-money traders is split 50% bullish and 50% bearish. Whales have been targeting a price range from $28.0 to $40.0 for Bank of America over the last 3 months. Wells Fargo, HSBC, and Oppenheimer have maintained their Overweight, Buy, and Outperform ratings on Bank of America respectively, with price targets of $40, $35, and $49.
September 08, 2023 | 2:16 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Bank of America, with the sentiment of big-money traders split 50% bullish and 50% bearish. Analysts from Wells Fargo, HSBC, and Oppenheimer have maintained positive ratings on the bank.
The news of a large investor taking a bullish stance on Bank of America, coupled with positive ratings from major analysts, indicates a positive short-term impact on the bank's stock. The sentiment of big-money traders, although split, still indicates a significant bullish stance. This, along with the targeted price range of $28.0 to $40.0, suggests potential upward movement in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100