Behind the Scenes of Wells Fargo's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading trends for Wells Fargo (NYSE:WFC) show a bearish sentiment among large investors, with 52% of trades being bearish. The stock is currently trading at $52.7, down 2.33%. Analysts have set a price target of $65, with Deutsche Bank upgrading its rating to Buy.
September 11, 2024 | 4:00 pm
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NEGATIVE IMPACT
Wells Fargo's options trading shows a bearish trend with 52% of trades being bearish. The stock is down 2.33% to $52.7. Analysts have set a price target of $65, with Deutsche Bank upgrading its rating to Buy.
The bearish sentiment in options trading suggests a negative outlook among large investors, which could pressure the stock price. However, analyst upgrades and a price target of $65 provide a positive long-term outlook, creating mixed signals for short-term movements.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100