Looking At Block's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Block (NYSE:SQ), with 65% of recent unusual options trades being bearish. The targeted price range for Block over the last 3 months has been $50.0 to $130.0. The stock is currently down -1.85% at $62.83. Several financial institutions have maintained or upgraded their ratings on Block, with price targets ranging from $85 to $95.
August 08, 2023 | 4:00 pm
News sentiment analysis
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Bearish sentiment dominates recent unusual options activity for Block (NYSE:SQ). Several financial institutions have maintained or upgraded their ratings on Block, with price targets ranging from $85 to $95.
The bearish sentiment in the options market, combined with the current downward trend in the stock's price, suggests a negative short-term impact on Block's stock. However, the maintained or upgraded ratings from several financial institutions indicate a potential positive impact in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100