Wells Fargo's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Whales have shown a bullish stance on Wells Fargo (NYSE:WFC) with 55% of options trades being bullish. Significant options activity has been detected, with a focus on a price band between $40.0 and $62.5. The stock is currently trading at $54.9, up by 2.3%, with a neutral RSI. Analysts have a consensus target price of $68.0.
August 15, 2024 | 3:02 pm
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Wells Fargo has seen significant bullish options activity, with 55% of trades being bullish. The stock is currently trading at $54.9, up by 2.3%, with a neutral RSI. Analysts have a consensus target price of $68.0.
The significant bullish options activity and the positive analyst rating with a target price of $68.0 suggest a likely short-term upward movement in Wells Fargo's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100