Activision Blizzard Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Activision Blizzard (NASDAQ:ATVI), with a majority of investors taking a bullish stance. The trades include 2 puts amounting to $90,000 and 11 calls amounting to $1,474,802. Whales have been targeting a price range from $77.5 to $95.0 for Activision Blizzard over the last 3 months. Deutsche Bank maintains a Buy rating on Activision Blizzard with a price target of $95, while Citigroup, Truist Securities, and MoffettNathanson have downgraded their actions to Hold with a price target of $95. Benchmark has downgraded its action to Hold with a price target of $90.
July 28, 2023 | 6:01 pm
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Activision Blizzard has seen significant unusual options activity, with a majority of investors taking a bullish stance. The company's stock price may be influenced by this activity and the various analyst ratings.
The unusual options activity indicates a high level of interest in Activision Blizzard's stock, which could drive its price. The bullish stance of the majority of investors suggests a positive outlook for the stock. However, the various analyst ratings could influence investor sentiment and thus the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100