Market Whales and Their Recent Bets on WMT Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Walmart (NYSE:WMT) through significant options activity. Benzinga's options scanner highlighted 31 extraordinary options activities, with 45% of the sentiment being bearish. Analysts have mixed ratings, with an average target price of $71.4.
June 06, 2024 | 7:31 pm
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Significant bearish sentiment from large investors has been observed in Walmart's options market. This could indicate potential downward pressure on Walmart's stock price in the short term.
The substantial bearish sentiment from large investors, as indicated by the options activity, suggests that these market movers expect a decline in Walmart's stock price. This is further supported by the higher volume of puts compared to calls.
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