Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Block (NYSE:SQ), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $47.5 and $85.0. Analysts from JP Morgan, RBC Capital, Baird, Berenberg, and UBS have given various ratings and price targets for Block. The stock's current price is down by 2.06% at $51.74.
September 18, 2023 | 6:01 pm
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Block (NYSE:SQ) has seen unusual options activity, with a bearish stance being taken by a majority of investors. Analysts have given mixed ratings and price targets, and the stock's current price is down by 2.06%.
The bearish stance taken by a majority of investors in the unusual options activity could potentially drive the stock price down in the short term. The mixed ratings and price targets given by analysts also add uncertainty to the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100