Behind the Scenes of Wells Fargo's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Wells Fargo (NYSE:WFC) shows a split sentiment among big-money investors, with a slight bearish tilt. Benzinga's options scanner detected 18 uncommon trades, with a total of $479,249 in puts and $607,846 in calls. The predicted price range for WFC is between $22.5 and $70.0. Analysts have given WFC an average target price of $65, with ratings from Evercore ISI Group and Deutsche Bank indicating optimism.
September 06, 2024 | 7:48 pm
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Wells Fargo's recent options trading activity shows a mixed sentiment with a slight bearish tilt. Significant investors are targeting a price range of $22.5 to $70.0. Analysts have set a target price of $65, indicating optimism.
The detection of 18 uncommon options trades with a slight bearish sentiment suggests potential downward pressure on WFC's stock price. However, analysts' target price of $65 indicates optimism, creating a mixed outlook. The options activity is significant, as it involves large sums and could signal insider knowledge or strategic positioning by institutional investors.
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