Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Block (NYSE:SQ) as indicated by unusual options activity. The sentiment among big-money traders is split between 46% bullish and 53% bearish. Whales have been targeting a price range from $61.0 to $130.0 for Block over the last 3 months. The price of SQ is currently down -1.48% at $61.32. Several financial institutions have maintained their positive ratings on Block, with price targets ranging from $80 to $100.
August 11, 2023 | 3:15 pm
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Block (NYSE:SQ). The price of SQ is currently down -1.48% at $61.32. Several financial institutions have maintained their positive ratings on Block, with price targets ranging from $80 to $100.
The unusual options activity, with a bearish sentiment, indicates that there may be a negative short-term impact on Block's stock price. However, the maintained positive ratings from several financial institutions could potentially counteract this bearish sentiment in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100