This Is What Whales Are Betting On Vale
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Vale (NYSE:VALE), with 66% of the investors opening trades with bullish expectations and 33% with bearish. The whale has been targeting a price range from $5.0 to $15.0 for Vale over the last 3 months. JP Morgan has maintained their Overweight rating on Vale, with a price target of $18. The price of VALE is currently down -1.51% at $13.02.
October 03, 2023 | 6:01 pm
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A whale investor has taken a bullish stance on Vale, with majority of the investors opening trades with bullish expectations. JP Morgan has maintained their Overweight rating on Vale, with a price target of $18.
The bullish stance of a whale investor and the maintained Overweight rating from JP Morgan indicate a positive outlook for Vale. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100