This Is What Whales Are Betting On Wells Fargo
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Wells Fargo (NYSE:WFC) by a large investor or institution, as indicated by a large position in the publicly available options history. The overall sentiment of these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $36.0 to $55.0 for Wells Fargo over the last 3 months. HSBC has downgraded its action to Hold with a price target of $45.
September 18, 2023 | 8:30 pm
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A large investor has taken a bearish stance on Wells Fargo, with a significant amount of money placed in put options. This could potentially drive the stock price down in the short term.
The bearish stance taken by a large investor or institution, as indicated by the large position in put options, suggests that there is a belief that the stock price will decrease. This could potentially influence other investors and drive the stock price down in the short term.
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IMPORTANCE 80
RELEVANCE 100