Since October 2021, the communications sector has been lagging behind the S&P 500, and is down 36% year-to-date. As consumer discretionary spending is decreasing due to inflationary pressures, phone and internet services will likely continue to generate revenue as internet connectivity remains a priority for most people.
This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.