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.
Wells Fargo analyst Deepa Raghavan changed homebuilder estimates, ratings, and price targets.
According to the analyst, fundamental housing data will continue to deteriorate steadily from here, feeding negative investor sentiment. She seeks to estimate how far stocks can fall based on perceived risk.
Perhaps there's no sector that can feel the negative impact of higher interest rates more than the housing sector. Therefore, it’s hard to be bullish on the sector in the current environment.