Looking At Wells Fargo's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Wells Fargo (NYSE:WFC) has been observed through unusual options activity. The sentiment among big-money traders is split between 37% bullish and 62% bearish. The whales have been targeting a price range from $40.0 to $52.5 for Wells Fargo over the last 3 months. The price of WFC is up 2.78% at $41.63. BMO Capital maintains their Market Perform rating on Wells Fargo, with a price target of $54.
November 03, 2023 | 4:30 pm
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Unusual options activity indicates a bearish stance on Wells Fargo. The sentiment among big-money traders is split between 37% bullish and 62% bearish. The price of WFC is up 2.78% at $41.63.
The unusual options activity and the bearish sentiment among big-money traders could potentially impact Wells Fargo's stock price negatively in the short term. However, the stock price is currently up and BMO Capital maintains a Market Perform rating on the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100