Check Out What Whales Are Doing With Blackstone
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Blackstone (NYSE:BX), with 80% of recent trades being bearish. The whales have been targeting a price range from $110.0 to $115.0 for Blackstone over the last 3 months. The price of BX is currently down -0.71% at $110.39. Morgan Stanley has downgraded its action to Overweight with a price target of $125.
September 25, 2023 | 5:18 pm
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NEGATIVE IMPACT
Blackstone (NYSE:BX) has seen a bearish stance from a significant investor, with 80% of recent trades being bearish. The current price is down -0.71% at $110.39.
The bearish stance taken by a significant investor indicates a lack of confidence in the stock's performance, which could lead to a decrease in the stock's price. The current price is already down, which supports this prediction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100