Check Out What Whales Are Doing With DIS
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Walt Disney (NYSE:DIS) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $50.0 to $90.0 for Walt Disney over the last 3 months. Meanwhile, JP Morgan maintains an Overweight rating on Disney with a price target of $120, while Seaport Global and Bernstein have downgraded their actions with price targets of $93 and $103 respectively.
October 20, 2023 | 2:02 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Walt Disney (NYSE:DIS), with unusual options activity indicating a price target range of $50.0 to $90.0. Analysts have mixed ratings, with JP Morgan maintaining an Overweight rating and a price target of $120, while Seaport Global and Bernstein have downgraded their actions.
The bearish stance taken by a large investor, as indicated by unusual options activity, could potentially drive the stock price down in the short term. The mixed analyst ratings also add uncertainty to the stock's outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100