This Is What Whales Are Betting On Shopify
Portfolio Pulse from Benzinga Insights
A significant bullish position has been taken on Shopify (NYSE:SHOP) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. Whales have been targeting a price range from $45.0 to $80.0 for Shopify over the last 3 months. The price of SHOP is currently down -1.98% at $55.35. Several financial institutions have maintained their ratings on Shopify, with price targets ranging from $55 to $76.
August 11, 2023 | 3:30 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
A significant bullish position has been taken on Shopify, with whales targeting a price range from $45.0 to $80.0. The current price is down -1.98% at $55.35. Several financial institutions have maintained their ratings on Shopify, with price targets ranging from $55 to $76.
The news of a significant bullish position being taken on Shopify by an unknown entity could potentially influence the stock's performance. However, the overall sentiment of these big-money traders is split evenly between bullish and bearish, which makes the short-term impact uncertain. The current price of Shopify is down, but several financial institutions have maintained their ratings on the company, indicating a potentially stable outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100