Check Out What Whales Are Doing With Block
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Block (NYSE:SQ) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 72% bullish and 27% bearish. The price target for Block, based on Volume and Open Interest, ranges from $50.0 to $125.0. The current price of SQ is $56.13, up 0.48%. Analysts' ratings vary, with JP Morgan maintaining an Overweight rating and a price target of $75, while Wedbush has downgraded its action to Neutral with a price target of $70.
August 28, 2023 | 2:46 pm
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Unusual options trading activity indicates a bullish stance on Block (NYSE:SQ). The sentiment among big-money traders is 72% bullish. The price target ranges from $50.0 to $125.0. The current price of SQ is $56.13, up 0.48%.
The unusual options trading activity indicates that a large investor or institution has taken a bullish stance on Block. This, combined with the fact that the sentiment among these big-money traders is predominantly bullish, suggests that the stock price may increase in the short term. Furthermore, the price target range indicates a potential upside from the current price of $56.13.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100