What the Options Market Tells Us About Walt Disney
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Walt Disney (NYSE:DIS) based on recent options market activity. Benzinga's options scanner highlighted 21 extraordinary options activities for Disney, with 42% of investors leaning bearish. The stock is currently trading at $84.92, down by 1.2%. Analysts have set an average price target of $112.0, with ratings ranging from Buy to Overweight.
August 09, 2024 | 2:31 pm
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Deep-pocketed investors have shown a bearish sentiment towards Walt Disney (NYSE:DIS) based on recent options market activity. The stock is currently trading at $84.92, down by 1.2%. Analysts have set an average price target of $112.0, with ratings ranging from Buy to Overweight.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options market activity, suggests potential downward pressure on Disney's stock price in the short term. The stock is already down by 1.2%, and the bearish sentiment could lead to further declines. However, analysts maintain a relatively high average price target of $112.0, indicating potential long-term value.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100