Check Out What Whales Are Doing With BAC
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on Bank of America (NYSE:BAC) with 21 unusual options trades. 57% of these trades were bearish, focusing on a price range between $23.0 and $42.0. BAC is currently trading at $38.13, up by 2.24%. Analysts have mixed ratings with a consensus target price of $44.4.
August 08, 2024 | 6:09 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Financial giants have made a bearish move on Bank of America with 57% of recent options trades showing bearish sentiment. BAC is currently trading at $38.13, up by 2.24%. Analysts have mixed ratings with a consensus target price of $44.4.
The majority of recent options trades on BAC are bearish, indicating that large investors expect the stock to decline. Despite the current price increase, the bearish sentiment from significant market players suggests potential downward pressure. Mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100