This Is What Whales Are Betting On Northrop Grumman
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Northrop Grumman (NYSE:NOC) by a large investor, as indicated by unusual options trades. The sentiment among these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $210.0 to $550.0 for Northrop Grumman over the last 3 months. Deutsche Bank and UBS have downgraded their action to Buy with price targets of $502 and $555 respectively, while Wells Fargo maintains an Equal-Weight rating with a price target of $435.
October 17, 2023 | 6:01 pm
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A large investor has taken a bearish stance on Northrop Grumman, with unusual options trades indicating a price target range of $210 to $550. Analysts have mixed ratings, with Deutsche Bank and UBS downgrading to Buy, and Wells Fargo maintaining an Equal-Weight rating.
The bearish stance taken by a large investor, as indicated by unusual options trades, suggests a potential downside for Northrop Grumman. This, combined with the mixed analyst ratings, could lead to increased volatility and potential downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100