Wells Fargo Unusual Options Activity For September 26
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Wells Fargo (NYSE:WFC), with a large position indicating a bullish stance. The sentiment among these big-money traders is split between 62% bullish and 37% bearish. The options activity suggests a target price range from $32.5 to $45.0 for Wells Fargo over the last 3 months. Deutsche Bank and HSBC have downgraded their actions to Buy and Hold respectively, with price targets of $44 and $45.
September 26, 2023 | 8:30 pm
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Unusual options activity indicates a bullish stance on Wells Fargo. The sentiment among big-money traders is split between 62% bullish and 37% bearish. Deutsche Bank and HSBC have downgraded their actions to Buy and Hold respectively.
The unusual options activity, with a large position indicating a bullish stance, suggests that there may be significant movement in Wells Fargo's stock price in the near future. The sentiment among these big-money traders is split between 62% bullish and 37% bearish, indicating a potential upward trend. However, the downgrades by Deutsche Bank and HSBC may temper this bullish sentiment.
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