This Is What Whales Are Betting On Block
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bullish stance on Block (NYSE:SQ), with 50% of the 18 detected trades being bullish and 50% bearish. The total amount for puts is $297,047, and for calls, it's $1,601,611. Whales have targeted a price range of $45 to $380 for Block over the last 3 months.
June 06, 2023 | 5:46 pm
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NEUTRAL IMPACT
Whale investor's bullish stance on Block (NYSE:SQ) may lead to short-term price fluctuations. Target price range is $45 to $380.
The whale investor's bullish stance on Block (NYSE:SQ) indicates that they believe the stock price will rise. However, with 50% of the detected trades being bearish, there is also a significant portion of investors who believe the stock price will fall. This mixed sentiment may lead to short-term price fluctuations, but it is difficult to predict a clear direction for the stock price based on this information alone.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100