Mastercard Unusual Options Activity For September 07
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Mastercard (NYSE:MA) has been observed through unusual options activity. The sentiment among big-money traders is split between 40% bullish and 60% bearish. Whales have been targeting a price range from $400.0 to $425.0 for Mastercard over the last 3 months. JP Morgan maintains an Overweight rating on Mastercard with a price target of $510, while Mizuho downgraded its action to Buy with a price target of $435.
September 07, 2023 | 6:32 pm
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Unusual options activity indicates a bearish sentiment towards Mastercard. The price target range is between $400 and $425. JP Morgan maintains an Overweight rating with a price target of $510, while Mizuho downgraded to Buy with a price target of $435.
The bearish sentiment observed through unusual options activity indicates that investors are expecting a potential decrease in Mastercard's stock price. This, combined with the price target range of $400 to $425, suggests a potential downward movement. However, the analyst ratings from JP Morgan and Mizuho provide a mixed outlook, which may create uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100