Check Out What Whales Are Doing With ANET
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Arista Networks (NYSE:ANET), with 20 uncommon options trades spotted, split between 45% bullish and 55% bearish. The whales have been targeting a price range from $115.0 to $210.0 for Arista Networks over the last 3 months. The price of ANET is up 2.29% at $184.67. JMP Securities, Needham, and Barclays have maintained their positive ratings on Arista Networks with a price target of $200, while Rosenblatt has downgraded its action to Buy with a price target of $175.
August 21, 2023 | 8:15 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Arista Networks (NYSE:ANET), which could potentially impact the stock's price. The company's stock price is currently up 2.29% at $184.67.
The bearish stance taken by a large investor, as indicated by the uncommon options trades, could potentially lead to a decrease in the stock's price. This is further supported by the fact that the stock is currently in the overbought territory, as indicated by the RSI indicators.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100