Atlassian Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is 20% bullish and 80% bearish. The whales have been targeting a price range from $115.0 to $290.0 for Atlassian over the last 3 months. The current price of TEAM is $204.27, up 0.1%. Several financial institutions have maintained their ratings on Atlassian, with price targets ranging from $185 to $240.
September 01, 2023 | 6:18 pm
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A large investor has taken a significant bearish stance on Atlassian, with 80% of big-money traders being bearish. The current price of TEAM is $204.27, up 0.1%. Price targets range from $185 to $240.
The bearish stance taken by a large investor, as seen in the unusual options activity, indicates a potential downward pressure on the stock price. The sentiment among big-money traders is predominantly bearish. Furthermore, the current price of TEAM is above the lowest price target set by financial institutions, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100