This Is What Whales Are Betting On Las Vegas Sands
Portfolio Pulse from Benzinga Insights
Wealthy investors are showing a bearish stance on Las Vegas Sands (NYSE:LVS) through unusual options activity. Benzinga's options scanner detected 8 significant trades, with a split sentiment of 37% bullish and 50% bearish. The trades suggest a price target range of $45 to $60. Despite the bearish sentiment, LVS's stock price is up 4.84% at $50.74, with RSI indicators suggesting it may be overbought. The next earnings report is due in 19 days.
September 27, 2024 | 2:18 pm
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Las Vegas Sands is experiencing unusual options activity with a bearish sentiment from wealthy investors. Despite this, the stock price has risen by 4.84% to $50.74. The RSI suggests the stock may be overbought, and the next earnings report is expected in 19 days.
The detection of unusual options activity with a bearish sentiment suggests that investors expect a potential decline in LVS's stock price. However, the current rise in stock price and overbought RSI indicate a possible short-term correction. The upcoming earnings report could further influence the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100