Market Whales and Their Recent Bets on Blackstone Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish stance on Blackstone (NYSE:BX) options, with a significant portion of activity indicating expectations of a price movement between $90.0 to $140.0 in the coming months. The analysis of options activity reveals a predominance of puts over calls, suggesting a bearish outlook. Blackstone, the world's largest alternative-asset manager, has its stock currently priced at $123.7, with neutral RSI indicators. Analyst ratings from B of A Securities suggest a target price of $147.0, maintaining a Buy rating.
March 13, 2024 | 7:45 pm
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NEUTRAL IMPACT
Blackstone's bearish options activity suggests market skepticism, yet analyst confidence remains with a $147 target price. Current stock price at $123.7 with neutral RSI indicators.
The bearish options activity indicates a short-term negative sentiment among investors, potentially impacting the stock price. However, the analyst's bullish target and the current neutral RSI indicators suggest a more complex market perception, possibly mitigating the bearish impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100