Check Out What Whales Are Doing With AMT
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on American Tower (NYSE:AMT) by a large investor or institution, as evidenced by a large position showing up on publicly available options history. The overall sentiment of these big-money traders is split between 61% bullish and 38% bearish. Whales have been targeting a price range from $130.0 to $180.0 for American Tower over the last 3 months. The price of AMT is currently down -1.2% at $167.29. Morgan Stanley has maintained their Equal-Weight rating on American Tower, with a price target of $212.
September 22, 2023 | 7:45 pm
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A large investor has taken a bullish stance on American Tower (NYSE:AMT), with big-money traders sentiment being 61% bullish. The current price of AMT is down -1.2% at $167.29. Morgan Stanley has maintained their Equal-Weight rating on American Tower, with a price target of $212.
The bullish stance taken by a large investor or institution on American Tower indicates a positive sentiment towards the stock. This, coupled with the fact that the majority of big-money traders are bullish, suggests a potential increase in the stock's price in the short term. However, the current price of AMT is down -1.2%, which may be a temporary dip. Morgan Stanley's maintained Equal-Weight rating and price target of $212 further supports the potential for price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100