This Is What Whales Are Betting On Alphabet
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Alphabet (NASDAQ:GOOGL), with 66% of the 51 detected trades being bearish. The total amount for puts is $1,651,450 and for calls is $947,948. Whales have been targeting a price range from $80.0 to $160.0 for Alphabet over the last 3 months. The current price of GOOGL is up 0.49% at $125.07. Analysts from Wells Fargo, Wedbush, Roth MKM, Keybanc, and B of A Securities have maintained their ratings on Alphabet, with price targets ranging from $126 to $160.
October 31, 2023 | 5:18 pm
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A significant number of investors are bearish on Alphabet, with a higher total amount for puts than calls. Analysts have maintained their ratings on the company, with price targets ranging from $126 to $160.
The bearish sentiment among investors, indicated by the higher total amount for puts than calls, suggests a potential decrease in Alphabet's stock price. However, the maintained ratings and price targets from analysts indicate a level of confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100