Check Out What Whales Are Doing With Dominion Energy
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Dominion Energy (NYSE:D) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 69% bullish and 30% bearish. The whales have been targeting a price range from $32.5 to $42.5 for Dominion Energy over the last 3 months. BMO Capital and JP Morgan have maintained their ratings on Dominion Energy with a price target of $49, while Scotiabank downgraded its action to Sector Perform with a price target of $46.
October 18, 2023 | 7:46 pm
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POSITIVE IMPACT
Dominion Energy has seen significant bullish options activity, indicating a potential upward movement in the short term. Analysts' price targets range from $46 to $49.
The unusual options activity, with a majority being bullish, indicates that large investors or institutions are expecting the stock price to rise. This, coupled with the maintained and downgraded ratings from BMO Capital, JP Morgan, and Scotiabank, suggests a potential short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100