Ross Stores Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Ross Stores (NASDAQ:ROST) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 66% bullish and 33% bearish. The whales have been targeting a price range from $116.0 to $120.0 for Ross Stores over the last 3 months. The price of ROST is up 0.75% at $114.03, with RSI indicators hinting that the stock may be approaching overbought. The next earnings are expected to be released in 8 days.
August 09, 2023 | 3:16 pm
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Ross Stores has seen significant bullish options activity, with a price target range of $116-$120. The stock is currently up 0.75% at $114.03, and may be approaching overbought according to RSI indicators.
The unusual options activity indicates that big-money traders are taking a bullish stance on Ross Stores, which could drive the stock price up in the short term. The targeted price range of $116-$120 suggests that these traders expect the stock to rise from its current price of $114.03. The RSI indicators hinting at overbought conditions could potentially slow down the bullish momentum, but the upcoming earnings release in 8 days could provide further catalysts for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100