Warner Bros. Discovery Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Warner Bros. Discovery (NASDAQ:WBD) with unusual options activity. The sentiment among these big-money traders is split between 77% bullish and 22% bearish. The whales have been targeting a price range from $7.5 to $17.5 for Warner Bros. Discovery over the last 3 months. However, Rosenblatt and Truist Securities have downgraded their actions with price targets of $10 and $17 respectively.
September 15, 2023 | 5:48 pm
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Warner Bros. Discovery has seen unusual options activity with a bullish sentiment. However, analysts have downgraded their actions, which may impact the stock's performance.
The unusual options activity indicates a bullish sentiment among big-money traders, which could potentially drive the stock price up. However, the downgraded actions from analysts could counteract this bullish sentiment, leading to a neutral impact on the stock's short-term price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100