Market Whales and Their Recent Bets on BAC Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bearish moves on Bank of America (NYSE:BAC) options, with 60% of trades being bearish. The stock is currently trading at $39.41, down by 0.72%. Analysts have mixed ratings with target prices ranging from $40 to $46.
May 28, 2024 | 4:45 pm
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Financial giants have shown a bearish sentiment on Bank of America (NYSE:BAC) options, with 60% of trades being bearish. The stock is currently trading at $39.41, down by 0.72%. Analysts have mixed ratings with target prices ranging from $40 to $46.
The significant bearish sentiment from financial giants, as indicated by the options trades, suggests a negative short-term outlook for BAC. The stock's current decline and mixed analyst ratings further support this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100