Check Out What Whales Are Doing With Home Depot
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Home Depot (NYSE:HD), with 60% of recent trades being bearish and 40% bullish. The total amount for put options is $1,815,473, while call options total $99,760. Whales have been targeting a price range from $290.0 to $375.0 for Home Depot over the last 3 months. The current price of HD is down -0.85% at $299.6. Evercore ISI Group maintains an Outperform rating on Home Depot with a price target of $370, while Stifel and HSBC have downgraded their actions to Hold with price targets of $350 and $365 respectively.
October 02, 2023 | 5:16 pm
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Bearish stance taken on Home Depot with majority of recent trades being bearish. Whales target price range $290-$375. Current price down -0.85% at $299.6.
The bearish stance taken by a significant investor, along with the majority of recent trades being bearish, indicates a potential downward pressure on the stock price in the short term. The current price is also down, further supporting this view.
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IMPORTANCE 80
RELEVANCE 100