Looking At Walmart's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Walmart (NYSE:WMT) has been observed in recent unusual options activity. The overall sentiment of these big-money traders is split between 40% bullish and 59% bearish. The whales have been targeting a price range from $160.0 to $190.0 for Walmart over the last 3 months. The price of WMT is up 0.16% at $164.6. Several experts have maintained their ratings on Walmart with varying price targets.
September 12, 2023 | 5:31 pm
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NEGATIVE IMPACT
Unusual options activity with a bearish stance has been observed for Walmart. The price of WMT is up 0.16% at $164.6. Analysts have maintained their ratings with varying price targets.
The bearish stance in the options activity indicates that traders are expecting the price of Walmart to go down. This could potentially lead to a decrease in the stock price in the short term. However, the price of WMT is currently up and several analysts have maintained their ratings on the stock, indicating a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100