This Is What Whales Are Betting On Shell
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Shell (NYSE:SHEL), as evidenced by a significant position in the company's options. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. The whales have been targeting a price range from $65.0 to $75.0 for Shell over the last 3 months. The price of SHEL is up 0.87% at $67.12, and RSI indicators suggest the stock may be approaching overbought. Shell's next earnings are expected to be released in 13 days.
October 13, 2023 | 7:32 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Shell, with significant options position. The stock price is up 0.87% at $67.12, and the next earnings are expected in 13 days.
The news of a large investor taking a bullish stance on Shell, combined with the current upward trend in the stock price, suggests a positive short-term impact on the stock. The upcoming earnings release could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100