Looking At Meta Platforms's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Meta Platforms (NASDAQ:META), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $5.0 to $580.0 for Meta Platforms over the last 3 months. The price of META is currently down -1.34% at $290.29. Several financial institutions have maintained their positive ratings on Meta Platforms, with price targets ranging from $375 to $410.
August 24, 2023 | 4:31 pm
News sentiment analysis
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NEGATIVE IMPACT
Unusual options activity and bearish investor sentiment could impact Meta Platforms' stock price. Positive ratings from financial institutions may counteract this.
The bearish sentiment observed in the options activity could potentially drive the stock price down. However, the positive ratings and price targets from financial institutions suggest a positive outlook, which could counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100