Shopify Unusual Options Activity For August 21
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Shopify (NYSE:SHOP), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. The price range targeted by these investors for Shopify over the last 3 months is from $45.0 to $100.0. RBC Capital, JMP Securities, Citigroup, and Goldman Sachs have maintained their ratings on Shopify, with price targets ranging from $65 to $80.
August 21, 2023 | 2:46 pm
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Unusual options activity observed for Shopify, indicating a bearish stance by a large investor. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates that there may be a potential downside risk for Shopify's stock in the short term. This is further supported by the split sentiment among big-money traders, with a slight lean towards bearishness.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100