Shopify Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bearish trades have been observed in Shopify's (NYSE:SHOP) options history, with 70% of investors taking a bearish stance and 30% bullish. The majority of the trades are puts, totaling $405,157, compared to calls totaling $69,025. Whales have been targeting a price range from $33.0 to $105.0 for Shopify over the last 3 months. Shopify's current price is down -1.14% at $65.42. Analysts have mixed opinions, with downgrades from Evercore ISI Group and Morgan Stanley, upgrades from MoffettNathanson, and neutral ratings from Credit Suisse and Mizuho.
July 25, 2023 | 4:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Shopify has seen a significant number of bearish trades in its options history. The company's stock price is currently down, and analysts have mixed opinions on its future performance.
The bearish stance observed in Shopify's options history, along with the current decrease in its stock price, suggests a potential short-term negative impact on the company's stock. Additionally, the mixed analyst ratings indicate uncertainty about the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100