Check Out What Whales Are Doing With Block
Portfolio Pulse from Benzinga Insights
A large investor has taken a bullish stance on Block (NYSE:SQ), with 10 uncommon options trades spotted. The sentiment of these traders is split 50% bullish and 50% bearish. The trades include 5 puts totaling $203,321 and 5 calls totaling $346,062. Whales have been targeting a price range from $45.0 to $310.0 for Block over the last 3 months. Several financial institutions have downgraded their ratings on Block, but maintain price targets above the current price of $58.06.

August 31, 2023 | 3:47 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
A large investor has taken a bullish stance on Block (NYSE:SQ), indicating potential positive movement. However, sentiment is split among big-money traders, and several financial institutions have downgraded their ratings on Block.
The bullish stance taken by a large investor could indicate positive movement for Block's stock. However, the split sentiment among big-money traders and the downgrades from financial institutions introduce uncertainty, leading to a neutral score.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100