Unpacking the Latest Options Trading Trends in Wells Fargo
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Wells Fargo (NYSE:WFC) show a bearish sentiment among financial giants, with 58% of trades being bearish. The trading activity suggests a price range of $40.0 to $65.0 for WFC over the next three months. Analysts have mixed ratings, with a consensus target price of $62.75.
July 29, 2024 | 5:01 pm
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Options trading trends for Wells Fargo (NYSE:WFC) show a bearish sentiment with 58% of trades being bearish. The trading activity suggests a price range of $40.0 to $65.0 over the next three months. Analysts have mixed ratings, with a consensus target price of $62.75.
The majority of options trades are bearish, indicating a negative sentiment among significant investors. This bearish sentiment, combined with mixed analyst ratings, suggests a potential short-term decline in WFC's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100