Check Out What Whales Are Doing With ELV
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Elevance Health (NYSE:ELV) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is 35% bullish and 64% bearish. Whales have been targeting a price range from $440.0 to $460.0 for Elevance Health over the last 3 months. Cantor Fitzgerald downgraded its action to Overweight with a price target of $547, while Morgan Stanley maintained their Overweight rating with a price target of $587.
November 02, 2023 | 4:18 pm
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A large investor has taken a bearish stance on Elevance Health, with a significant position in options. The sentiment among these traders is more bearish than bullish. Analysts have mixed views, with Cantor Fitzgerald downgrading its rating but Morgan Stanley maintaining its Overweight rating.
The bearish stance taken by a large investor, as indicated by a significant options position, suggests that the investor expects the stock price to decrease. This could potentially influence other investors and drive the stock price down. The mixed views from analysts further add to the uncertainty around the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100