Market Whales and Their Recent Bets on META Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish trend on WisdomTree Industrial Metals Enhanced (META), with 69% bearish and 30% bullish trades among 33 unusual trades. The focus is on a price band between $415.0 and $550.0. META's current market status shows a 1.5% increase in price to $503.52, with an RSI indicating a potential overbought situation. An analyst from Tigress Financial maintains a Strong Buy rating with a target price of $575.
March 07, 2024 | 2:46 pm
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Financial giants' bearish bets on META options, with a current price increase to $503.52 and a Strong Buy rating from Tigress Financial at a $575 target.
The bearish trend in options trading by financial giants contrasts with the current price increase and the Strong Buy rating from Tigress Financial, indicating a complex market sentiment. The analyst's target price of $575 suggests a positive outlook, potentially influencing investor confidence and stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100