Blackstone Unusual Options Activity For September 28
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Blackstone (NYSE:BX) with 75% of investors opening trades with bearish expectations. Of the overall spotted trades, 10 are puts, amounting to $670,648 and 2 are calls, amounting to $395,190. Whales have been targeting a price range from $107.0 to $118.0 for Blackstone over the last 3 months. The price of BX is up 0.96% at $107.57. Morgan Stanley downgraded its action to Overweight with a price target of $125.

September 28, 2023 | 3:46 pm
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Bearish stance taken on Blackstone with majority of investors opening bearish trades. Whales targeting price range of $107-$118.
The bearish stance taken by a majority of investors and the high volume of put options indicate a potential downward pressure on Blackstone's stock price in the short term. Additionally, the downgrade by Morgan Stanley could also negatively impact the stock.
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