Smart Money Is Betting Big In GOLD Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Barrick Gold (NYSE:GOLD) with significant options activity. Benzinga's options scanner highlighted 14 extraordinary options activities, with 57% of the sentiment being bearish. The stock is currently trading at $18.53, up by 1.59%, and analysts have set an average target price of $25.0.
August 02, 2024 | 8:03 pm
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Deep-pocketed investors are showing a bearish sentiment towards Barrick Gold (NYSE:GOLD) with significant options activity. The stock is currently trading at $18.53, up by 1.59%, and analysts have set an average target price of $25.0.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential short-term downward pressure on Barrick Gold's stock price. Despite the current price increase and positive analyst ratings, the bearish options activity could lead to increased volatility and a potential decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100