Check Out What Whales Are Doing With VALE
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Vale (NYSE:VALE), with 72% of big-money traders also bullish. The investor's position was noticed through publicly available options history. The options scanner spotted 11 uncommon options trades for Vale, with 4 puts and 7 calls. The whales have been targeting a price range from $3.0 to $20.0 for Vale over the last 3 months. JP Morgan has upgraded its action to Overweight with a price target of $16 and maintained their Overweight rating on Vale with a price target of $18.
September 27, 2023 | 8:46 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Vale, indicating a potential positive short-term impact on the stock. JP Morgan's upgrade to Overweight also supports this bullish sentiment.
The bullish stance taken by a large investor, along with the bullish sentiment of 72% of big-money traders, indicates a positive outlook for Vale. This, combined with JP Morgan's upgrade to Overweight, suggests a potential increase in Vale's stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100