Looking At Walmart's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Walmart (NYSE:WMT) shows a bullish sentiment among investors, with 58% of trades being bullish. Significant trades include both calls and puts with strike prices ranging from $43.33 to $65.00. Walmart's current stock price is $60.5, down by -0.85%, with a consensus target price of $111.6 from market experts. The company is a leading retailer in the US, with over $440 billion in domestic sales in fiscal 2024.
March 15, 2024 | 7:01 pm
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Walmart's recent options activity indicates a bullish sentiment among investors, with a notable volume in both calls and puts. The stock is currently trading at $60.5, slightly down, with analysts setting a high target price of $111.6.
The bullish sentiment in options trading, combined with the high target price set by analysts, suggests a positive short-term outlook for Walmart's stock. Despite a slight decrease in current trading price, the overall analyst consensus and significant options activity could drive investor interest and potentially increase the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100