Check Out What Whales Are Doing With WFC
Portfolio Pulse from Benzinga Insights
Wealthy investors are showing a bearish stance on Wells Fargo (NYSE:WFC) as observed through options trading. The sentiment is split with 37% bullish and 50% bearish. Significant options trades suggest a price range of $40.0 to $56.0 for WFC. Analysts maintain a positive outlook with a target price of $65.
September 18, 2024 | 3:33 pm
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NEGATIVE IMPACT
Wealthy investors are showing a bearish stance on Wells Fargo (NYSE:WFC) as observed through options trading. The sentiment is split with 37% bullish and 50% bearish. Significant options trades suggest a price range of $40.0 to $56.0 for WFC. Analysts maintain a positive outlook with a target price of $65.
The bearish sentiment from wealthy investors, as indicated by options trading, suggests a potential short-term downward pressure on WFC's stock price. However, analysts maintain a positive long-term outlook with a target price of $65, which could mitigate the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100