This Is What Whales Are Betting On Energy Transfer
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Energy Transfer (NYSE:ET), as indicated by a significant position in options. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $7.0 to $13.0 for Energy Transfer over the last 3 months. The price of ET is currently down -2.95% at $13.17, and RSI indicators suggest that the stock may be oversold.
October 27, 2023 | 3:47 pm
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A large investor has taken a bearish stance on Energy Transfer, which could potentially drive the stock price down in the short term. The stock is currently down -2.95% at $13.17, and may be oversold according to RSI indicators.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests that there is a belief that the stock price will decrease. This could potentially influence other investors and drive the stock price down. Additionally, the stock may be oversold according to RSI indicators, which could further contribute to a decrease in price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100