This Is What Whales Are Betting On Walmart
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Walmart (NYSE:WMT) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 6% bullish and 93% bearish. The whales have been targeting a price range from $155.0 to $160.0 for Walmart over the last 3 months. Piper Sandler, HSBC, and Stifel have given price targets of $210, $200, and $169 respectively.
October 18, 2023 | 4:16 pm
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A large investor has taken a bearish stance on Walmart, with unusual options activity indicating a price target between $155.0 and $160.0. Analysts have given varied price targets.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests that the investor expects the price of Walmart to decrease. This, coupled with the bearish sentiment among big-money traders, could potentially put downward pressure on the stock price. However, the varied price targets given by analysts indicate uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100