Looking At DoorDash's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on DoorDash (NYSE:DASH) with 58% of detected unusual options activity being bearish. Whales have been targeting a price range of $45 to $70 for DoorDash over the last 3 months. The stock is currently up 3.43% at $67.53, with RSI indicators suggesting it may be approaching overbought.
June 01, 2023 | 4:03 pm
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DoorDash experiences unusual options activity with a bearish stance from a whale. The stock is up 3.43% at $67.53, with RSI indicators suggesting it may be approaching overbought.
The bearish stance from a whale with a significant amount of money to spend indicates a potential negative impact on DoorDash's stock price in the short term. Additionally, the RSI indicators suggest that the stock may be approaching overbought territory, which could lead to a price correction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100