Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bearish trades have been observed in Block (NYSE:SQ) options, with 77% of investors taking a bearish stance. The targeted price range for Block over the last 3 months has been $32.5 to $140.0. The current price of SQ is $78.77, down 0.33%. Analysts from Truist Securities and Keybanc have maintained their Buy and Overweight ratings on Block respectively.
July 19, 2023 | 5:16 pm
News sentiment analysis
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NEGATIVE IMPACT
Bearish trades dominate in Block's options, indicating potential downward pressure on the stock. However, positive ratings from analysts may counterbalance this.
The high volume of bearish options trades indicates a negative sentiment among investors, which could put downward pressure on the stock. However, the positive ratings from analysts suggest a counterbalancing positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100