This Is What Whales Are Betting On JPMorgan Chase
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 44% bullish and 55% bearish. The whales have been targeting a price range from $135.0 to $160.0 for JPMorgan Chase over the last 3 months. The price of JPM is currently down -0.95% at $145.74. RBC Capital and HSBC have downgraded their actions on JPMorgan Chase, while Morgan Stanley maintains their Overweight rating.
September 22, 2023 | 7:00 pm
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Unusual options activity indicates a significant bearish stance on JPMorgan Chase. The sentiment among big-money traders is split, with a slight lean towards bearish. The stock price is currently down.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. The sentiment among big-money traders is also more bearish than bullish, which could further contribute to a potential decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100