Looking At Block's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Block (NYSE:SQ) as evidenced by unusual options activity. The sentiment among big-money traders is split between 23% bullish and 76% bearish. Whales have been targeting a price range from $45.0 to $85.0 for Block over the last 3 months. The price of SQ is currently down -0.87% at $53.68. Several experts have downgraded their ratings on Block, with price targets ranging from $65 to $90.
September 14, 2023 | 6:46 pm
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Block (NYSE:SQ) has seen unusual options activity indicating a bearish stance. The price of SQ is currently down -0.87% at $53.68. Several experts have downgraded their ratings on Block.
The unusual options activity, with a significant bearish stance, indicates that investors are expecting the price of Block (SQ) to decrease. This is further supported by the fact that several experts have downgraded their ratings on Block, which can negatively impact investor sentiment and drive the stock price down.
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