Check Out What Whales Are Doing With SCHW
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Charles Schwab (NYSE:SCHW) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 34% bullish and 65% bearish. The whales have been targeting a price range from $47.5 to $54.0 for Charles Schwab over the last 3 months. Analysts from JMP Securities, Raymond James, Barclays, and Piper Sandler have given various ratings and price targets for SCHW.
October 18, 2023 | 6:30 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Charles Schwab, with a significant position in options. This could potentially impact the stock's price in the short term.
The large options position indicates that a significant investor is expecting a decrease in the price of Charles Schwab's stock. This could potentially lead to a self-fulfilling prophecy, as other investors may follow suit and sell their shares, leading to a decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100