Digital Realty Trust Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Digital Realty Trust (NYSE:DLR) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 100% bearish. The whales have been targeting a price range from $115.0 to $140.0 for DLR over the last 3 months. Deutsche Bank has downgraded its action to Hold with a price target of $131, while Citigroup maintains their Buy rating with a price target of $136.
September 12, 2023 | 8:01 pm
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Unusual options activity indicates a bearish stance on Digital Realty Trust. Deutsche Bank has downgraded its action to Hold, while Citigroup maintains a Buy rating.
The unusual options activity, with a significant bearish sentiment, indicates that large investors are expecting the price of DLR to decrease. This, combined with Deutsche Bank's downgrade to Hold, could negatively impact the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100