This Is What Whales Are Betting On Chevron
Portfolio Pulse from Benzinga Insights
A financial giant has made a bearish move on Chevron (NYSE:CVX), with 75% of traders showing bearish tendencies. The big players have been eyeing a price window from $105.0 to $165.0 for Chevron during the past quarter. The price of CVX is down -0.97% at $143.01. Several financial institutions have given their ratings and price targets for Chevron, with the highest being $201 by Morgan Stanley.
November 08, 2023 | 4:31 pm
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Chevron has seen a bearish move by a financial giant, with a majority of traders also showing bearish tendencies. The stock price is currently down, and analysts have given varied price targets.
The bearish move by a financial giant and the majority of traders indicates a negative sentiment towards Chevron. This, coupled with the current decrease in stock price, could potentially lead to a further decrease in the short term. However, the varied price targets given by analysts suggest some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100