This Is What Whales Are Betting On Target
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Target (NYSE:TGT) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 33% bullish and 66% bearish. The whales have been targeting a price range from $85.0 to $140.0 for Target over the last 3 months. Analysts' ratings on Target vary, with price targets ranging from $116 to $180.
October 27, 2023 | 6:31 pm
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Unusual options activity indicates a significant bearish stance on Target. The sentiment among these traders is 33% bullish and 66% bearish, targeting a price range from $85.0 to $140.0 over the last 3 months.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. The sentiment among these big-money traders is more bearish than bullish, which could further impact the stock price negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100