This Is What Whales Are Betting On Blackstone
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Blackstone (NYSE:BX), with Benzinga's options scanner spotting 12 uncommon options trades for the company. The sentiment of these trades is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $65.0 to $105.0 for Blackstone over the last 3 months. Morgan Stanley has downgraded its action to Overweight with a price target of $125.
October 03, 2023 | 3:16 pm
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A large investor has taken a bullish stance on Blackstone, with uncommon options trades spotted. The sentiment of these trades is split between 58% bullish and 41% bearish. Morgan Stanley has downgraded its action to Overweight with a price target of $125.
The news of a large investor taking a bullish stance on Blackstone, coupled with the uncommon options trades, indicates a positive sentiment towards the company. This could potentially drive the stock price up in the short term. However, the downgrade by Morgan Stanley to Overweight, despite a higher price target, suggests a more cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100