This Is What Whales Are Betting On Wells Fargo
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Wells Fargo (NYSE:WFC), with options history showing 10 strange trades. Half of the investors opened trades with bullish expectations and half with bearish. The total amount for puts is $391,121 and for calls is $236,400. Whales have been targeting a price range from $35.0 to $47.5 for Wells Fargo over the last 3 months. BMO Capital maintains their Market Perform rating on Wells Fargo, with a price target of $54.
October 23, 2023 | 6:46 pm
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Whale investor's bullish stance and mixed expectations from options trades could influence Wells Fargo's stock. BMO Capital's Market Perform rating and $54 target also significant.
The bullish stance of a whale investor and the mixed expectations from options trades could create volatility in Wells Fargo's stock price. Additionally, BMO Capital's maintained Market Perform rating and $54 price target could influence investor sentiment and the stock's performance.
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