This Is What Whales Are Betting On O'Reilly Automotive
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on O'Reilly Automotive (NASDAQ:ORLY) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split 50-50 between bullish and bearish. The price target for ORLY, based on Volume and Open Interest, is between $890 and $930. JP Morgan maintains an Overweight rating on ORLY with a price target of $1030, while Citigroup has upgraded its action to Buy with a price target of $1040.
October 19, 2023 | 2:32 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on O'Reilly Automotive, potentially indicating a positive short-term impact on the stock.
The large investment in O'Reilly Automotive's options by a big-money trader indicates a strong belief in the company's potential, which could drive up the stock price in the short term. Additionally, the price target based on Volume and Open Interest is between $890 and $930, which is higher than the current price, indicating potential for growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100