Looking At Vale's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected over 12 options trades for Vale (NYSE:VALE) totaling $646,206. Whales have been targeting a price range from $10.0 to $16.0 for Vale over the last 3 months. JP Morgan maintains an Overweight rating on Vale with a price target of $18. The price of VALE is down -0.66% at $14.22.
September 18, 2023 | 5:01 pm
News sentiment analysis
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NEUTRAL IMPACT
Vale has seen significant options trading activity. JP Morgan maintains an Overweight rating on the stock.
The news reports significant options trading activity for Vale, indicating increased interest in the stock. However, the impact on the stock price is uncertain as it depends on the outcome of these trades. JP Morgan's maintained Overweight rating suggests a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100