DoorDash Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on DoorDash (NYSE:DASH) by a large investor, as observed in the unusual options activity. The overall sentiment of these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $80.0 to $120.0 for DoorDash over the last 3 months. Jefferies has maintained their Underperform rating on DoorDash with a price target of $65, while JMP Securities downgraded its action to Market Outperform with a price target of $100.
July 31, 2023 | 4:30 pm
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A large investor has taken a bearish stance on DoorDash, with the overall sentiment of big-money traders being 70% bearish. This could potentially impact the stock price in the short term.
The unusual options activity indicates a significant bearish sentiment towards DoorDash. This, combined with the analyst ratings, could potentially lead to a decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100