This Is What Whales Are Betting On Chevron
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Chevron (NYSE:CVX), with 56% of the trades being bearish and 43% bullish. The total amount for puts is $2,676,272 and for calls is $802,030. Whales have been targeting a price range from $90.0 to $175.0 for Chevron over the last 3 months. Morgan Stanley and Mizuho have maintained their ratings on Chevron with price targets of $203 and $215 respectively.
October 03, 2023 | 5:01 pm
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Chevron has seen a significant number of bearish trades, indicating a potential downward trend. However, Morgan Stanley and Mizuho have maintained their ratings with positive price targets.
The bearish trades indicate a potential downward trend for Chevron. However, the maintained ratings from Morgan Stanley and Mizuho with positive price targets suggest that the stock may still have potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100