Looking At Affirm Holdings's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Affirm Holdings (NASDAQ:AFRM), with a bearish stance taken by a large investor. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The whales have been targeting a price range from $15.0 to $25.0 for Affirm Holdings over the last 3 months. The price of AFRM is up 6.77% at $19.16. Barclays downgraded its action to Overweight with a price target of $19, while Wedbush, Morgan Stanley, and JP Morgan maintained their ratings with price targets of $10, $15, and $18 respectively.
August 29, 2023 | 7:30 pm
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Affirm Holdings has seen unusual options activity with a bearish stance taken by a large investor. The stock price is up 6.77% at $19.16. Analysts have mixed ratings with price targets ranging from $10 to $25.
The unusual options activity, particularly the bearish stance taken by a large investor, indicates a potential downward pressure on the stock price. This is further supported by the mixed analyst ratings and the wide range of price targets. The current stock price is above most of the given price targets, which could lead to a correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100