Looking At Netflix's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Netflix (NASDAQ:NFLX) with 61% of detected unusual options trades being bearish. Whales have been targeting a price range of $290 to $435 for Netflix over the last 3 months. Oppenheimer maintains an Outperform rating with a $450 price target, while Wedbush downgraded to Outperform with a $410 price target.
June 05, 2023 | 2:18 pm
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Netflix experiences unusual options activity with a bearish stance from a whale. The targeted price range is $290-$435. Oppenheimer maintains an Outperform rating with a $450 price target, while Wedbush downgraded to Outperform with a $410 price target.
The unusual options activity and bearish stance from a whale may create short-term uncertainty for Netflix's stock price. However, the maintained Outperform rating from Oppenheimer and the downgrade to Outperform from Wedbush indicate that analysts still see potential in the stock. This mixed sentiment leads to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100