This Is What Whales Are Betting On JPMorgan Chase
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on JPMorgan Chase (NYSE:JPM) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is 40% bullish and 60% bearish. The whales have been targeting a price range from $143.0 to $155.0 for JPMorgan Chase over the last 3 months. The current price of JPM is $144.28, down by 0.57%. Analysts from Morgan Stanley and Oppenheimer maintain their Overweight and Outperform ratings on JPMorgan Chase respectively, while RBC Capital downgraded its action to Outperform.
October 09, 2023 | 2:02 pm
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A large investor has taken a bearish stance on JPMorgan Chase, indicated by unusual options trades. The sentiment among these traders is more bearish than bullish. Analysts have mixed ratings on the stock.
The bearish stance taken by a large investor, as indicated by the unusual options trades, suggests that there may be a negative sentiment towards JPMorgan Chase. This could potentially lead to a decrease in the stock's price in the short term. Additionally, while some analysts maintain positive ratings on the stock, the downgrade by RBC Capital could also negatively impact the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100