Looking At Shopify's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Shopify (NYSE:SHOP), with 13 options trades spotted, split between 53% bullish and 46% bearish. The options indicate a targeted price range of $60.0 to $70.0 for Shopify over the last 3 months. Analysts' ratings vary, with JMP Securities and RBC Capital maintaining an 'Outperform' rating, Evercore ISI Group downgrading to 'In-Line', and Credit Suisse maintaining a 'Neutral' rating. MoffettNathanson upgraded its action to 'Outperform'.
August 07, 2023 | 1:47 pm
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NEUTRAL IMPACT
Unusual options activity has been observed for Shopify, indicating potential price movement. Analysts' ratings vary, suggesting differing views on the company's performance.
The unusual options activity suggests that there may be significant price movement in the near future. However, the mixed analyst ratings indicate that there is uncertainty about the company's performance, making it difficult to predict the direction of the price movement.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100