This Is What Whales Are Betting On Medtronic
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Medtronic (NYSE:MDT), as evidenced by a significant position in the company's options. The overall sentiment of these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $50.0 to $82.5 for Medtronic over the last 3 months. The current price of MDT is up 0.84% at $70.56.
October 31, 2023 | 8:30 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Medtronic, indicating potential positive movement for the stock. The targeted price range suggests a potential upside.
The large options position taken by an investor suggests a strong belief in the company's potential performance. The targeted price range indicates a potential upside from the current price, which could positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100