Shopify Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Shopify (NYSE:SHOP) has been observed through unusual options activity. The overall sentiment of these big-money traders is split between 37% bullish and 62% bearish. The price range targeted by these traders for Shopify over the last 3 months is from $45.0 to $100.0. Roth MKM, Canaccord Genuity, and Wedbush have recently updated their price targets for Shopify.
September 13, 2023 | 4:01 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Shopify has seen unusual options activity with a bearish sentiment. The price range targeted by these traders over the last 3 months is from $45.0 to $100.0.
The unusual options activity, particularly the bearish sentiment, indicates that big-money traders expect Shopify's stock price to decrease. This could potentially lead to a short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100