JPMorgan Chase & Co. Raises Stock Position in Bally's Corporation $BALY

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JPMorgan Chase & Co. significantly increased its stake in Bally’s Corporation (NYSE:BALY) during the third quarter, boosting its holdings by 21,781.4% to own 1.54% of the company, valued at approximately $8.42 million. Despite this, Wall Street analysts maintain a cautious-to-negative outlook on Bally’s, with an average “Reduce” rating and a consensus target price of $15.25, while the company continues to report significant losses. Bally’s stock currently trades around $10.51, and institutional investors collectively own 70.41% of the company.

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