Behind the Scenes of Wells Fargo's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Wells Fargo (NYSE:WFC) show a slight bearish sentiment with 52% of trades being puts. Analysts have mixed ratings, with target prices ranging from $59 to $70. The stock is currently trading at $59.66, down by -0.01%.
July 24, 2024 | 5:02 pm
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Wells Fargo's recent options trading shows a slight bearish sentiment with 52% of trades being puts. Analysts have mixed ratings, with target prices ranging from $59 to $70. The stock is currently trading at $59.66, down by -0.01%.
The slight bearish sentiment in options trading, combined with mixed analyst ratings, suggests potential short-term downward pressure on WFC's stock price. The current trading price and RSI values also indicate the stock may be approaching overbought territory.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100