Market Whales and Their Recent Bets on GME Options
Portfolio Pulse from Benzinga Insights
Market whales have taken a bearish stance on GameStop (NYSE:GME) options, with 37% of trades being bearish and only 12% bullish. The major market movers are focusing on a price range between $20.0 and $30.0. Currently, GME is trading at $28.11, up by 6.08%, but analysts have a low average target price of $7.0.
June 05, 2024 | 2:01 pm
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Market whales have shown a bearish stance on GameStop options, with 37% of trades being bearish. The stock is currently trading at $28.11, up by 6.08%, but analysts have a low average target price of $7.0.
The bearish stance by market whales and the low analyst target price suggest a potential decline in GME's stock price despite its current rise. The focus on a price range of $20-$30 indicates limited upside potential.
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