Visa's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Visa (NYSE:V) through options trading. Analysis reveals 66% bearish trades, with significant put and call activities. Visa's current stock price is $269.57, down by 1.06%, and an analyst from Piper Sandler downgraded its rating to Overweight with a target price of $322.
June 03, 2024 | 4:00 pm
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Visa has seen a significant bearish sentiment from financial giants, with 66% of recent options trades being bearish. The stock is currently trading at $269.57, down by 1.06%. An analyst from Piper Sandler downgraded the stock to Overweight with a target price of $322.
The bearish sentiment from financial giants, as indicated by the options trading data, suggests a negative outlook for Visa in the short term. The downgrade by Piper Sandler further supports this view, despite the high target price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100