Smart Money Is Betting Big In WFC Options
Portfolio Pulse from Benzinga Insights
Investors are taking a bullish stance on Wells Fargo (NYSE:WFC) as significant options trades have been spotted, with 72% of the sentiment being bullish. The options activity suggests a focus on a price range between $40.0 and $60.0. The stock is currently trading at $56.12, up 1.42%, with a neutral RSI. An analyst from Morgan Stanley maintains an Overweight rating with a target price of $68.
August 19, 2024 | 4:00 pm
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Significant bullish options activity has been observed for Wells Fargo, with 72% of trades being bullish. The stock is currently trading at $56.12, and an analyst from Morgan Stanley maintains an Overweight rating with a target price of $68.
The large volume of bullish options trades suggests that investors expect the stock price to rise. The current stock price is $56.12, and the target price from Morgan Stanley is $68, indicating potential upside. The options activity and analyst rating both support a positive short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100