Check Out What Whales Are Doing With SHEL
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Shell (NYSE:SHEL), as indicated by a significant position in options. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $60.0 to $80.0 for Shell over the last 3 months. The price of SHEL is currently down -0.13% at $68.39.
October 18, 2023 | 7:31 pm
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A large investor has taken a bearish stance on Shell, which could potentially impact the stock's price in the short term.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests that there may be a belief that the stock's price will decrease. 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