Check Out What Whales Are Doing With BLK
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on BlackRock (NYSE:BLK) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 11% bullish and 88% bearish. The targeted price range for BlackRock over the last 3 months is from $540.0 to $1100.0. Despite this, several banks including Wells Fargo, Deutsche Bank, JP Morgan, and Morgan Stanley have maintained their Overweight or Buy ratings on BlackRock with price targets ranging from $708 to $897.
October 18, 2023 | 5:46 pm
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A large investor has taken a bearish stance on BlackRock, indicated by unusual options activity. However, several banks have maintained their Overweight or Buy ratings on the company.
The bearish options activity indicates that a large investor or institution expects BlackRock's stock price to decrease. This could put downward pressure on the stock in the short term. However, the maintained Overweight or Buy ratings from several banks suggest that they believe the company's fundamentals remain strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100