Looking At Wells Fargo's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Wells Fargo (NYSE:WFC) shows a bullish stance among large investors, with 53% of trades being bullish. The trades indicate a price range of $30.0 to $67.5 for WFC. The stock is currently up 0.36% at $62.12, with RSI indicators suggesting it may be overbought. An analyst from JP Morgan maintains a Neutral rating with a target price of $61.
May 15, 2024 | 3:32 pm
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Recent unusual options activity for Wells Fargo shows a bullish stance among large investors, with 53% of trades being bullish. The stock is currently up 0.36% at $62.12, with RSI indicators suggesting it may be overbought. An analyst from JP Morgan maintains a Neutral rating with a target price of $61.
The majority of recent options trades for Wells Fargo are bullish, indicating positive sentiment among large investors. The stock's current price and RSI indicators suggest it may be overbought, but the overall sentiment remains positive. JP Morgan's Neutral rating with a $61 target price aligns closely with the current price, suggesting limited downside risk in the short term.
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