This Is What Whales Are Betting On EOG Resources
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on EOG Resources (NYSE:EOG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $135.0 to $167.5 for EOG Resources over the last 3 months. Several financial institutions have maintained their ratings on EOG Resources, with price targets ranging from $132 to $165.
October 19, 2023 | 6:49 pm
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A large investor has taken a bearish stance on EOG Resources, with unusual options activity indicating a potential price movement. Financial institutions have maintained their ratings, with price targets ranging from $132 to $165.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests that there may be a potential downside for EOG Resources in the short term. This is further supported by the split sentiment among big-money traders. However, the maintained ratings and price targets by financial institutions suggest a potential upside in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100