Unpacking the Latest Options Trading Trends in Welltower
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish position in Welltower (NYSE:WELL) based on recent options trading data. Benzinga's options scanner identified 8 transactions, with 50% being bearish. The stock is currently up 1.8% at $100.6, but RSI indicators suggest it may be overbought. An analyst from Mizuho maintains a Buy rating with a target price of $105.
May 15, 2024 | 7:32 pm
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Investors have taken a bearish position in Welltower (NYSE:WELL) based on recent options trading data. Benzinga's options scanner identified 8 transactions, with 50% being bearish. The stock is currently up 1.8% at $100.6, but RSI indicators suggest it may be overbought. An analyst from Mizuho maintains a Buy rating with a target price of $105.
The bearish sentiment from significant options trades suggests that investors expect a potential decline in Welltower's stock price. Despite the current price increase and a Buy rating from Mizuho, the overbought RSI indicator and the high volume of bearish options trades indicate a likely short-term price drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100