This Is What Whales Are Betting On Visa
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Visa (NYSE:V), as indicated by a significant position in options. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $220.0 to $255.0 for Visa over the last 3 months. Baird has downgraded its action to Outperform with a price target of $284.

October 03, 2023 | 7:16 pm
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A large investor has taken a bearish stance on Visa, indicating potential downward pressure on the stock. Baird has downgraded its action to Outperform with a price target of $284.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests that there may be downward pressure on Visa's stock in the short term. This is further supported by the fact that the overall sentiment among big-money traders is more bearish than bullish. Additionally, Baird's downgrade of its action to Outperform with a price target of $284 suggests that the stock may not perform as well as previously expected.
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IMPORTANCE 80
RELEVANCE 100