Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Block (NYSE:SQ) as indicated by unusual options activity. The sentiment among big-money traders is split between 40% bullish and 60% bearish. Whales have been targeting a price range from $60.0 to $90.0 for Block over the last 3 months. The price of SQ is currently down -2.51% at $78.51. Analysts from Truist Securities, Jefferies, Exane BNP Paribas, and Keybanc have maintained their positive ratings on Block with price targets ranging from $85 to $95.
August 04, 2023 | 9:07 am
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Unusual options activity indicates a bearish stance on Block (NYSE:SQ). Analysts maintain positive ratings with price targets from $85 to $95.
The unusual options activity, with a 60% bearish sentiment, indicates that there may be a downward pressure on Block's stock price in the short term. However, the positive ratings and price targets from analysts suggest a potential recovery in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100