This Is What Whales Are Betting On Verizon Communications
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Verizon Communications (NYSE:VZ), with 13 uncommon options trades spotted. The sentiment of these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $20.0 to $45.0 for Verizon over the last 3 months. The price of VZ is currently down -1.46% at $31.05, and RSI indicators suggest the stock may be approaching oversold.
October 18, 2023 | 5:16 pm
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NEUTRAL IMPACT
A large investor has taken a bullish stance on Verizon Communications, with 13 uncommon options trades spotted. The sentiment of these big-money traders is split between 53% bullish and 46% bearish. The price of VZ is currently down -1.46% at $31.05.
The news of a large investor taking a bullish stance on Verizon Communications could potentially influence other investors to follow suit, which could drive up the stock price. However, the current price is down and the sentiment of big-money traders is split, which adds uncertainty to the short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100