This Is What Whales Are Betting On Bank of America
Portfolio Pulse from Benzinga Insights
Wealthy investors are showing a bullish stance on Bank of America (NYSE:BAC) with significant options trades. Benzinga's options scanner detected 17 unusual trades, with 64% being bullish. The projected price target for BAC is between $37.0 and $50.0. The stock is currently down 0.92% at $40.49, with a recent analyst upgrade from Deutsche Bank to a Buy rating and a target price of $45.0.
September 20, 2024 | 3:01 pm
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Wealthy investors are showing a bullish stance on Bank of America with significant options trades. Benzinga's options scanner detected 17 unusual trades, with 64% being bullish. The projected price target for BAC is between $37.0 and $50.0. The stock is currently down 0.92% at $40.49, with a recent analyst upgrade from Deutsche Bank to a Buy rating and a target price of $45.0.
The article highlights significant options activity on BAC, with a majority being bullish. This suggests positive sentiment among large investors. Additionally, an analyst upgrade from Deutsche Bank to a Buy rating with a $45 target supports a positive outlook. The current stock price is slightly down, but the options activity and analyst rating could drive short-term upward movement.
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