This Is What Whales Are Betting On RTX
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Raytheon Technologies Corporation (NYSE:RTX) by a large investor, as observed in the options history. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $60.0 to $75.0 for RTX over the last 3 months. The current price of RTX is $73.33. Analysts from JP Morgan, Morgan Stanley, Alembic Global, RBC Capital, and DZ Bank have given their ratings and price targets for RTX.
October 11, 2023 | 8:33 pm
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A large investor has taken a bearish stance on RTX, with a sentiment split between 30% bullish and 69% bearish. The price target for RTX is between $60 and $75.
The bearish stance taken by a large investor indicates a potential decrease in the stock price of RTX. The sentiment among these investors is more bearish than bullish, which could lead to a sell-off. The targeted price range is also lower than the current price, indicating a potential downward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100