This Is What Whales Are Betting On Wells Fargo
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Wells Fargo (NYSE:WFC), with 50% of investors opening trades with bullish expectations and 50% with bearish. The whale has been targeting a price range from $37.5 to $47.5 for Wells Fargo over the last 3 months. BMO Capital has maintained their Market Perform rating on Wells Fargo, with a price target of $54. The price of WFC is up 0.33% at $39.9.
November 01, 2023 | 3:32 pm
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Wells Fargo has seen a mix of bullish and bearish trades, with a whale investor targeting a price range of $37.5 to $47.5. BMO Capital maintains a Market Perform rating with a price target of $54.
The news of a whale investor taking a bullish stance on Wells Fargo, along with BMO Capital maintaining their Market Perform rating with a price target of $54, indicates positive sentiment towards the stock. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100