This Is What Whales Are Betting On Home Depot
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on Home Depot (NYSE:HD) with 41% of the detected options trades being bearish. The price range for HD is expected to be between $305.0 and $370.0. Analysts have mixed ratings with an average target price of $388.2.
May 15, 2024 | 2:46 pm
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Whales have taken a bearish stance on Home Depot with 41% of the detected options trades being bearish. The price range for HD is expected to be between $305.0 and $370.0. Analysts have mixed ratings with an average target price of $388.2.
The majority of the options trades detected are bearish, indicating a negative sentiment among large investors. This could lead to short-term downward pressure on the stock price. However, analysts have mixed ratings with some maintaining a buy rating, which could provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100