Looking At Activision Blizzard's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Activision Blizzard (NASDAQ:ATVI), with 75% of recent trades being bullish and 25% bearish. The trades include 7 puts worth $504,281 and 5 calls worth $253,246. The price target for ATVI over the last 3 months has been between $70.0 and $92.5. The current price of ATVI is $91.08, down 0.14%. Several experts have downgraded their ratings to 'Neutral' or 'Hold' with price targets around $95.
August 14, 2023 | 3:46 pm
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Activision Blizzard has seen a bullish stance from a significant investor, with a price target between $70.0 and $92.5 over the last 3 months. The current price is $91.08, down 0.14%. Several experts have downgraded their ratings to 'Neutral' or 'Hold' with price targets around $95.
The bullish stance from a significant investor indicates a positive sentiment towards ATVI. However, the recent downgrades from experts and the current price being close to the upper end of the price target range may limit the short-term upside potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100