Market Whales and Their Recent Bets on GOLD Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity on Barrick Gold (NYSE:GOLD) shows a mix of bullish and bearish sentiment among large investors. A total of 26 unusual options trades were identified, with a slight majority being bullish. The stock is currently trading at $20.23, up 2.61%, and is approaching overbought territory. An analyst from Scotiabank maintains a Sector Outperform rating with a target price of $25.
August 19, 2024 | 5:45 pm
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Barrick Gold has seen significant options trading activity, with a slight bullish sentiment. The stock is up 2.61% and nearing overbought levels. Analyst maintains a $25 target price.
The unusual options activity suggests that large investors are expecting significant price movements. The stock's current upward trend and analyst's target price indicate potential for further gains.
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