This Is What Whales Are Betting On Digital Realty Trust
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Digital Realty Trust (NYSE:DLR) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is 100% bearish, with 8 puts and 3 calls identified. The targeted price range for DLR over the last 3 months is $70.0 to $145.0. The current price of DLR is up 3.8% at $131.27. Morgan Stanley has maintained their Equal-Weight rating on DLR with a price target of $98.
November 02, 2023 | 7:04 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Digital Realty Trust, with a significant position in options. The current price of DLR is up 3.8% at $131.27.
The large position in options indicates a significant bearish sentiment towards DLR. This could potentially drive the stock price down in the short term. The current price is up, but the bearish sentiment and the fact that the price is within the targeted range of $70.0 to $145.0 could indicate a potential drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100