Vale Unusual Options Activity For September 08
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Vale (NYSE:VALE) with 70% of investors opening trades with bearish expectations. Of the total trades, 17 are puts amounting to $747,785 and 3 are calls amounting to $99,875. Whales have been targeting a price range from $12.0 to $20.0 for Vale over the last 3 months. The price of VALE is up 1.21% at $13.34. JP Morgan upgraded its action to Overweight with a price target of $16.
September 08, 2023 | 5:45 pm
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Bearish stance taken on Vale with majority of investors opening bearish trades. Whales target price range from $12.0 to $20.0. VALE price up 1.21% at $13.34. JP Morgan upgrades to Overweight with $16 target.
The bearish stance taken by a majority of investors indicates a potential decrease in Vale's stock price. The price target set by whales also suggests a potential fluctuation in the stock price. However, the upgrade by JP Morgan to Overweight with a price target of $16 could potentially counteract the bearish sentiment to some extent.
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