Spotify Technology Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Spotify Technology (NYSE:SPOT) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $55.0 to $180.0 for Spotify over the last 3 months. Truist Securities maintains their Buy rating on Spotify, with a price target of $176.
September 06, 2023 | 8:01 pm
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A large investor has taken a bearish stance on Spotify, indicating potential downward pressure on the stock. However, Truist Securities maintains a Buy rating with a price target of $176.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially exert downward pressure on Spotify's stock. However, the Buy rating maintained by Truist Securities with a price target of $176 suggests potential upside, creating a mixed outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100