This Is What Whales Are Betting On Toyota Motor
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Toyota Motor (NYSE:TM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 63% bullish and 36% bearish. Whales have been targeting a price range from $170.0 to $195.0 for Toyota Motor over the last 3 months. The price of TM is up 0.43% at $187.1, with RSI indicators suggesting the stock may be overbought.
September 22, 2023 | 8:45 pm
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Unusual options activity indicates a significant bullish stance on Toyota Motor (NYSE:TM). The stock price is currently up 0.43% at $187.1, with RSI indicators suggesting it may be overbought.
The unusual options activity, with a significant portion being bullish, indicates that large investors are expecting the price of Toyota Motor to increase. This could potentially drive the stock price up in the short term. However, the RSI indicators suggest the stock may be overbought, which could lead to a price correction.
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