Investor’s worries surrounding the European banking giant Credit Suisse (NYSE: CS) have seen the share price tumble in the last couple of days. However, investors appear to be eyeing another European banking giant for ຂາຍສັ້ນ.
Short sellers make a profit when stocks fall by borrowing shares to sell them immediately at the market price, with a plan to repurchase them when the price drops, thus, pocketing the difference.
ຄື, ໄດ້ ຂໍ້ມູນສະແດງໃຫ້ເຫັນ that currently, there is $1.68 billion worth of bets against BNP Paribas (EPA: BNP), or 3.66% of the volume traded, making it the most shorted European banking stock.
BNP chart and analysis
BNP is an average performer in the ທະນາຄານ industry, outperforming 48% of 25 stocks in the same industry. Over the past month, the shares ຊື້ຂາຍ in a wide range from €42.06 to €51.04, with both the short-term and long-term trends negative.
ການວິເຄາະດ້ານວິຊາການ ສະແດງໃຫ້ເຫັນເປັນ ເຂດສະ ໜັບ ສະ ໜູນ from €41.10 to €41.86 and a resistance zone from €46.77 to €47.33.
Meanwhile, analysts on Wall Street have a ‘moderate buy,’ rating on BNP, predicting that the shares may reach €65.94 in the next 12 months, ສູງກວ່າ 51.05% than the current trading price of €43.66. Notably, out of 11 TipRanks analysts covering BNP, seven have a ‘buy’ rating, and four have a ‘hold’ rating.
While discussions surrounding Credit Suisse reach an all-time high after news of a possible major banking collapse, investors seem to be worried about a systemic risk to European banks. The ວິກິດການດ້ານພະລັງງານ far more pressures the Eurozone than the rest of the world. Furthermore, hikes ອັດຕາ have reached unprecedented levels, further pressuring consumers.
However, the bet against the largest French bank that withstood the 2008 ອຸປະຕິເຫດ, Covid lockdowns, and numerous other issues could be far-fetched, but only time will tell whether short sellers had a proper hunch.
ຊື້ຮຸ້ນດຽວນີ້ກັບນາຍໜ້າແບບໂຕ້ຕອບ – ເວທີການລົງທຶນທີ່ກ້າວໜ້າທີ່ສຸດ
ຂໍ້ສັງເກດ: ເນື້ອຫາຢູ່ໃນເວັບໄຊທ໌ນີ້ບໍ່ຄວນພິຈາລະນາຄໍາແນະນໍາດ້ານການລົງທຶນ. ການລົງທຶນແມ່ນຄາດຄະເນ. ເມື່ອລົງທຶນ, ທຶນຂອງເຈົ້າມີຄວາມສ່ຽງ.
Source: https://finbold.com/bnp-paribas-targeted-by-short-sellers-as-another-european-bank-feels-the-heat/