This Is What Whales Are Betting On 3M
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on 3M (NYSE:MMM), as observed through options trading data tracked by Benzinga. The sentiment is predominantly bullish, with 90% of the trades being calls and only 10% puts. Analysts have mixed ratings, with price targets ranging from $100 to $115.
May 16, 2024 | 2:48 pm
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Investors with significant capital have taken a bullish stance on 3M (NYSE:MMM), as observed through options trading data tracked by Benzinga. The sentiment is predominantly bullish, with 90% of the trades being calls and only 10% puts. Analysts have mixed ratings, with price targets ranging from $100 to $115.
The significant volume of bullish options trades suggests that investors expect the stock price to rise. Analysts' price targets and mixed ratings provide additional context, but the predominant bullish sentiment in options trading is a strong indicator of short-term upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100