Blackstone Unusual Options Activity For October 10
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Blackstone (NYSE:BX) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 26% bullish and 73% bearish. The whales have been targeting a price range from $95.0 to $115.0 for Blackstone over the last 3 months. HSBC has downgraded its action to Hold with a price target of $113, while Barclays maintains an Equal-Weight rating with a price target of $116.
October 10, 2023 | 5:45 pm
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Unusual options activity indicates a bearish stance on Blackstone. The sentiment of big-money traders is 73% bearish. HSBC has downgraded its action to Hold, while Barclays maintains an Equal-Weight rating.
The unusual options activity, with a significant bearish sentiment, indicates that traders expect Blackstone's stock price to decrease. This is further supported by HSBC's downgrade to Hold. However, Barclays maintaining an Equal-Weight rating adds some uncertainty to the outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100