This Is What Whales Are Betting On Truist Finl
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Truist Financial Corp (NYSE:TFC), with 59% of recent trades being bearish. The investor has been targeting a price range of $25.0 to $32.5 for Truist over the last 3 months. However, the stock is currently up 3.0% at $29.87, and RSI indicators suggest it may be approaching overbought. Analysts from Keefe, Bruyette & Woods, Morgan Stanley, and Raymond James have given the stock Outperform and Equal-Weight ratings, with price targets ranging from $34 to $40.
October 17, 2023 | 8:45 pm
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Bearish stance taken by significant investor on Truist Financial Corp (NYSE:TFC), targeting price range of $25.0 to $32.5. Stock currently up 3.0% at $29.87.
The bearish stance taken by a significant investor, who has been targeting a lower price range for the stock, could potentially drive the stock price down in the short term. However, the stock is currently up and analysts have given it positive ratings, which could counteract this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100