Blackstone Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Blackstone (NYSE:BX) by a whale investor. Out of 20 unusual trades, 75% were bearish and 25% bullish. The total amount for puts was $1,226,776 and for calls, $584,087. Whales have been targeting a price range from $45.0 to $120.0 for Blackstone over the last 3 months. Morgan Stanley downgraded its action to Overweight with a price target of $125.
September 18, 2023 | 6:01 pm
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NEGATIVE IMPACT
Bearish stance taken by a whale investor on Blackstone. Majority of unusual trades were bearish. Whales target price range $45-$120.
The bearish stance taken by a whale investor, along with the majority of unusual trades being bearish, indicates a potential downward pressure on Blackstone's stock price in the short term. The targeted price range by whales also suggests a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100