This Is What Whales Are Betting On Home Depot
Portfolio Pulse from Benzinga Insights
A significant bullish position has been taken on Home Depot (NYSE:HD), as observed in the options history. The sentiment among these big-money traders is split between 64% bullish and 35% bearish. Whales have been targeting a price range from $240.0 to $300.0 for Home Depot over the last 3 months. The price of HD is currently down -0.98% at $280.54. Truist Securities and Telsey Advisory Group have maintained their Buy and Market Perform ratings on Home Depot, respectively, with price targets of $341 and $330.
October 25, 2023 | 5:46 pm
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A significant bullish position has been taken on Home Depot, with a price target range of $240-$300. The current price is down -0.98% at $280.54. Analysts maintain positive ratings with price targets of $341 and $330.
The bullish stance taken by big-money traders, along with the maintained positive ratings from analysts, suggest a potential increase in Home Depot's stock price. However, the current price is down, indicating some market volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100