Check Out What Whales Are Doing With Home Depot
Portfolio Pulse from Benzinga Insights
A 'whale' investor has taken a bullish stance on Home Depot (NYSE:HD), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $347,555 and for calls is $159,223. Whales have been targeting a price range from $265.0 to $340.0 for Home Depot over the last 3 months. Telsey Advisory Group and Truist Securities have maintained their Market Perform and Buy ratings on Home Depot, with price targets of $330 and $341 respectively.
October 31, 2023 | 6:31 pm
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A whale investor has taken a bullish stance on Home Depot. The company has a 50-50 split between bullish and bearish investors. Price targets range from $265 to $340.
The news of a whale investor taking a bullish stance on Home Depot, coupled with the maintained ratings from Telsey Advisory Group and Truist Securities, indicates a positive outlook for the company. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100