Looking At Spotify Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Spotify Technology (NYSE:SPOT), with a mix of bullish and bearish stances. Whales have been targeting a price range from $145.0 to $195.0 for Spotify over the last 3 months. The stock is currently up 3.2% at $171.1. Analysts from Raymond James, Truist Securities, and Morgan Stanley maintain positive ratings on Spotify, while Goldman Sachs maintains a neutral stance.
July 13, 2023 | 8:16 pm
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Spotify Technology has seen unusual options activity, with a mix of bullish and bearish trades. The stock is currently up 3.2% at $171.1. Analyst ratings are mixed, with positive ratings from Raymond James, Truist Securities, and Morgan Stanley, and a neutral rating from Goldman Sachs.
The unusual options activity indicates that there is significant interest in Spotify's stock, which could lead to increased volatility. The positive analyst ratings from Raymond James, Truist Securities, and Morgan Stanley suggest a positive outlook for the stock, while the neutral rating from Goldman Sachs indicates some uncertainty. The current upward trend in the stock price also suggests a positive short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100