This Is What Whales Are Betting On Verizon Communications
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Verizon Communications (NYSE:VZ), with 68% of the spotted trades being bearish. The whales have been targeting a price range from $25.0 to $40.0 for Verizon over the last 3 months. The price of VZ is up 3.66% at $34.66, and RSI indicators suggest it may be approaching overbought. Barclays upgraded its action to Overweight with a price target of $38.
October 30, 2023 | 6:00 pm
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A significant investor has taken a bearish stance on Verizon Communications. The price of VZ is up 3.66% at $34.66, and RSI indicators suggest it may be approaching overbought. Barclays upgraded its action to Overweight with a price target of $38.
The bearish stance taken by a significant investor, along with the RSI indicators suggesting the stock may be overbought, could potentially lead to a short-term decrease in Verizon's stock price. However, the upgrade by Barclays to Overweight with a price target of $38 provides a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100