Wells Fargo's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Wells Fargo has seen significant options trading activity, with a bearish sentiment prevailing among traders. The stock is currently trading at $53.8, down by 2.38%. Analysts have set a consensus target price of $65, with recent ratings from Goldman Sachs, Evercore ISI Group, and Deutsche Bank all indicating a positive outlook.
September 24, 2024 | 4:30 pm
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Wells Fargo's options trading shows a bearish sentiment, with 45% of traders bearish and only 27% bullish. Despite this, analysts maintain a positive outlook with a $65 target price. The stock is currently down 2.38% at $53.8.
The options trading activity indicates a bearish sentiment, with more puts than calls. However, analysts' positive ratings and a target price of $65 suggest potential for recovery. The current price drop of 2.38% reflects the immediate bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100