Check Out What Whales Are Doing With IBM
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on IBM (NYSE:IBM) by a large investor or institution, as indicated by a large position appearing in publicly available options history. The overall sentiment of these big-money traders is split between 52% bullish and 47% bearish. Whales have been targeting a price range from $60.0 to $170.0 for IBM over the last 3 months. RBC Capital has downgraded its action to Outperform with a price target of $188.
September 20, 2023 | 8:32 pm
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A large investor has taken a bullish stance on IBM, with a significant position appearing in options history. The sentiment among these traders is split, but leans slightly bullish. RBC Capital has downgraded its action to Outperform.
The news of a large investor taking a bullish stance on IBM, along with the fact that the sentiment among these traders leans slightly bullish, could potentially drive the stock price up in the short term. Additionally, the downgrade by RBC Capital to Outperform indicates a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100