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 between 26% bullish and 73% bearish. The whales have been targeting a price range from $400.0 to $600.0 for Netflix over the last 3 months. The price of NFLX is currently down -2.1% at $429.4. Analysts from Piper Sandler, Deutsche Bank, Morgan Stanley, Goldman Sachs, and Canaccord Genuity have maintained their ratings on Netflix with varying price targets.
August 04, 2023 | 11:33 am
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NEGATIVE IMPACT
Netflix has seen significant bearish options activity, indicating a potential downward trend. The current price is down -2.1% at $429.4.
The bearish options activity indicates that large investors are expecting the price of Netflix to decrease. This, combined with the current downward trend in price, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100