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 indicated by unusual options activity. The sentiment among these big-money traders is 20% bullish and 80% bearish. The whales have been targeting a price range from $68.0 to $110.0 for DoorDash over the last 3 months. The current price of DASH is down -2.18% at $83.6. Several financial institutions have maintained their ratings on DoorDash, with price targets ranging from $88 to $125.
August 04, 2023 | 8:15 pm
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Unusual options activity indicates a significant bearish stance on DoorDash. The sentiment among big-money traders is 80% bearish. Several financial institutions have maintained their ratings on DoorDash, with price targets ranging from $88 to $125.
The unusual options activity, with 80% bearish sentiment among big-money traders, indicates a potential downward pressure on DoorDash's stock price in the short term. However, the maintained ratings and price targets from financial institutions suggest a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100