This Is What Whales Are Betting On Wells Fargo
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Wells Fargo (NYSE:WFC), with 63% of recent trades being bearish and 36% bullish. The total amount for put options is $412,473 and for call options is $101,220. Whales have been targeting a price range from $35.0 to $45.0 for Wells Fargo over the last 3 months. Deutsche Bank has downgraded its action to Buy with a price target of $44.
October 10, 2023 | 5:00 pm
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Bearish sentiment is high for Wells Fargo, with a significant amount of put options. However, Deutsche Bank has downgraded its action to Buy with a price target of $44.
The bearish sentiment indicated by the high number of put options suggests that investors expect the price of Wells Fargo to decrease. This is further supported by Deutsche Bank's downgrade to Buy with a price target of $44, which is within the price range targeted by whales over the last 3 months.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100