Looking At Trade Desk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Trade Desk (NASDAQ:TTD) has seen unusual options activity, with a significant bearish stance taken by a whale investor. Of the 14 strange trades detected, 35% were bullish and 64% were bearish. Whales have been targeting a price range from $78.0 to $140.0 for Trade Desk over the last 3 months. Redburn Partners and Needham have downgraded their ratings to 'Sell' and 'Buy' respectively, with price targets of $34 and $80. Morgan Stanley maintains an 'Overweight' rating with a price target of $105.
July 26, 2023 | 7:16 pm
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Trade Desk has seen unusual options activity, with a significant bearish stance. Analysts have mixed ratings, with downgrades from Redburn Partners and Needham, and an 'Overweight' rating from Morgan Stanley.
The bearish stance taken by a whale investor, along with the downgrades from Redburn Partners and Needham, could negatively impact the stock price of Trade Desk in the short term. However, the 'Overweight' rating from Morgan Stanley might mitigate this impact to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100