Looking At Digital Realty Trust's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Digital Realty Trust (NYSE:DLR) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 46% bullish and 53% bearish. The whales have been targeting a price range from $90.0 to $125.0 for DLR over the last 3 months. Truist Securities maintains their Buy rating on DLR, with a price target of $138.
October 03, 2023 | 3:46 pm
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Unusual options activity indicates a bearish stance on Digital Realty Trust. The sentiment of big-money traders is split, with a slight lean towards bearish. Truist Securities maintains a Buy rating on DLR.
The unusual options activity, with a significant amount of money being put into bearish positions, indicates that there may be a belief among some traders that DLR's stock price will decrease in the short term. This is further supported by the fact that the sentiment among these traders is more bearish than bullish. However, Truist Securities maintains a Buy rating on DLR, indicating a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100