Looking At Roblox's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A large bearish position on Roblox (NYSE:RBLX) has been observed, with 12 unusual options trades spotted. The sentiment is split between 41% bullish and 58% bearish. Whales have been targeting a price range of $40 to $50 for Roblox over the last 3 months. Canaccord Genuity downgraded its action to Buy with a price target of $48.
June 20, 2023 | 5:17 pm
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A large bearish position has been observed in Roblox (NYSE:RBLX) with 12 unusual options trades. The sentiment is split between 41% bullish and 58% bearish, and Canaccord Genuity downgraded its action to Buy with a price target of $48.
The large bearish position observed in Roblox's options trades indicates that some investors expect the stock price to decline in the short term. The sentiment being split between bullish and bearish, along with Canaccord Genuity's downgrade to Buy with a price target of $48, suggests that there is uncertainty in the market, which could negatively impact the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100