Mastercard Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Mastercard (NYSE:MA) has been observed, with unusual options activity indicating that big-money traders are targeting a price range from $320.0 to $400.0 for Mastercard over the next three months. The sentiment among these traders is split between 68% bullish and 31% bearish. Baird and Susquehanna have downgraded their actions on Mastercard to Outperform and Positive respectively, with price targets of $435 and $433.
July 06, 2023 | 2:03 pm
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Unusual options activity indicates a bullish stance on Mastercard, with a targeted price range of $320-$400. Baird and Susquehanna have downgraded their actions but set high price targets.
The unusual options activity, coupled with the high price targets set by Baird and Susquehanna despite their downgrades, indicates a bullish sentiment towards Mastercard. This could potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100