Check Out What Whales Are Doing With NFLX
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Netflix (NASDAQ:NFLX) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $400.0 to $590.0 for Netflix over the last 3 months. Analysts' ratings on Netflix vary, with Rosenblatt and Goldman Sachs maintaining a Neutral rating, B of A Securities maintaining a Buy rating, and Wells Fargo and Evercore ISI Group upgrading and downgrading their actions respectively.
July 31, 2023 | 3:03 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Netflix. The sentiment among big-money traders is split, with a slight lean towards bearish. Analysts' ratings vary, suggesting uncertainty around the stock's future performance.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, suggests that there may be negative sentiment or information about Netflix that could impact its stock price. The split sentiment among big-money traders further indicates uncertainty around the stock's future performance. Additionally, the varying ratings from analysts suggest a lack of consensus on the stock's outlook, which could contribute to volatility in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100