Looking At Fortinet's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Fortinet (NASDAQ:FTNT), with a large position indicating a bullish stance. The sentiment among these big-money traders is split 50% bullish and 50% bearish. The price target for Fortinet over the last 3 months, based on volume and open interest, ranges from $70.0 to $80.0. Several financial institutions, including Goldman Sachs, Rosenblatt, Baird, Morgan Stanley, and Barclays, have maintained their positive ratings on Fortinet.
July 27, 2023 | 7:17 pm
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Fortinet has seen unusual options activity, with a large bullish position. The sentiment among big-money traders is evenly split. Several financial institutions have maintained their positive ratings on the company.
The unusual options activity, particularly the large bullish position, indicates that some investors expect Fortinet's stock price to rise. The positive ratings from several financial institutions also support this expectation. However, the evenly split sentiment among big-money traders suggests some uncertainty.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100