Valero Energy Unusual Options Activity For September 19
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Valero Energy (NYSE:VLO) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $100.0 to $160.0 for Valero Energy over the last 3 months. The price of VLO is down -2.54% at $142.56. Wells Fargo, B of A Securities, Goldman Sachs, and Mizuho have maintained their ratings on Valero Energy.
September 19, 2023 | 7:46 pm
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Valero Energy has seen unusual options activity with a bearish sentiment. The price of VLO is down -2.54% at $142.56. Analysts from Wells Fargo, B of A Securities, Goldman Sachs, and Mizuho have maintained their ratings on the company.
The unusual options activity, particularly the bearish sentiment, indicates that traders expect the price of VLO to decrease. This, combined with the current price decrease of -2.54%, suggests a negative short-term impact on the stock. The maintained ratings from analysts indicate that they do not foresee a significant change in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100