This Is What Whales Are Betting On Petrobras Brasileiro
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Petrobras Brasileiro (NYSE:PBR) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $12.0 to $17.0 for Petrobras Brasileiro over the last 3 months. The price of PBR is currently up 2.99% at $15.65, and the next earnings are expected in 46 days.
September 18, 2023 | 3:16 pm
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A large investor has taken a bearish stance on Petrobras Brasileiro, with a sentiment of 75% bearish among big-money traders. The stock price is currently up 2.99% at $15.65.
The bearish stance taken by a large investor indicates a potential decrease in the stock price of Petrobras Brasileiro. This is further supported by the 75% bearish sentiment among big-money traders. The current increase in the stock price may be temporary, and the upcoming earnings release could further impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100