Check Out What Whales Are Doing With SHOP
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Shopify (NYSE:SHOP), with 70% of big-money traders also showing bullish sentiment. The investor's position was noticed through publicly available options history. The mean open interest for Shopify options trades today is 3474.0 with a total volume of 1,992.00. Whales have been targeting a price range from $50.0 to $80.0 for Shopify over the last 3 months.
August 16, 2023 | 8:46 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Shopify, indicating potential positive movement for the stock. The overall sentiment among big-money traders is 70% bullish.
The bullish stance taken by a large investor, along with the overall bullish sentiment among big-money traders, indicates a positive outlook for Shopify. This could potentially drive up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100