Looking At DoorDash's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on DoorDash (NYSE:DASH) as indicated by unusual options activity. The sentiment among big-money traders is split between 38% bullish and 61% bearish. Whales have been targeting a price range from $73.0 to $95.0 for DoorDash over the last 3 months. The price of DASH is currently down -3.54% at $76.27. Gordon Haskett and Wells Fargo have downgraded their actions on DoorDash with price targets of $72 and $70 respectively.
July 06, 2023 | 5:17 pm
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Unusual options activity indicates a bearish stance on DoorDash. The price of DASH is currently down -3.54% at $76.27. Gordon Haskett and Wells Fargo have downgraded their actions on DoorDash.
The unusual options activity, with a majority being bearish, indicates that traders are expecting the price of DASH to fall. This is further supported by the downgrades from Gordon Haskett and Wells Fargo.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100