This Is What Whales Are Betting On Verizon Communications
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on Verizon Communications (NYSE:VZ) with 55% of recent options trades being bearish. The trading activity suggests a price range of $30.0 to $47.0 for VZ. The stock is currently priced at $41.46, down 0.07%, with RSI indicators suggesting it may be overbought.
August 27, 2024 | 3:46 pm
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Whales are predominantly bearish on Verizon Communications, with 55% of options trades reflecting this sentiment. The stock is currently at $41.46, with a predicted price range of $30.0 to $47.0. RSI indicators suggest potential overbought conditions.
The article highlights a bearish sentiment among large investors ('whales') towards Verizon, with a majority of options trades being bearish. This suggests a potential downward pressure on the stock price. The current price is $41.46, and the predicted range is $30.0 to $47.0, indicating a wide range of expectations. Additionally, RSI indicators suggest the stock may be overbought, which could lead to a price correction.
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