Check Out What Whales Are Doing With BLK
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on BlackRock (NYSE:BLK) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 47% bullish and 52% bearish. The whales have been targeting a price range from $350.0 to $950.0 for BlackRock over the last 3 months.
September 11, 2023 | 8:30 pm
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A large investor has taken a bearish stance on BlackRock, which could potentially impact the stock's price 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 self-fulfilling prophecy if other investors follow suit and sell their shares, leading to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100