Check Out What Whales Are Doing With SHOP
Portfolio Pulse from Benzinga Insights
A large bearish position on Shopify (NYSE:SHOP) has been noticed on publicly available options history. Benzinga's options scanner spotted 11 uncommon options trades for Shopify, with 45% bullish and 54% bearish sentiment. The price of SHOP is down 4.18% at $61.0.
June 07, 2023 | 4:46 pm
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A large bearish position has been noticed on Shopify (NYSE:SHOP), with 54% bearish sentiment. The price of SHOP is down 4.18% at $61.0.
The article highlights a large bearish position on Shopify, indicating that someone with significant funds believes the stock price will decline. This bearish sentiment, combined with the current 4.18% drop in SHOP's price, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100