Looking At Visa's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Visa (NYSE:V) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $130.0 to $260.0 for Visa over the last 3 months. Visa's stock price is currently down by 1.44% at $229.99. Wedbush, Mizuho, and Baird have downgraded their actions on Visa with price targets of $270, $255, and $284 respectively.
September 26, 2023 | 6:31 pm
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Unusual options activity indicates a bearish stance on Visa. The stock price is currently down by 1.44% at $229.99. Analysts have downgraded their actions on Visa.
The unusual options activity, which is heavily bearish, indicates that big-money traders are expecting Visa's stock price to decrease. This, combined with the current decrease in stock price and the downgrades by analysts, suggests a negative short-term impact on Visa's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100