Check Out What Whales Are Doing With RACE
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Ferrari (NYSE:RACE) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 45% bullish and 54% bearish. The targeted price range for Ferrari over the last 3 months has been $260.0 to $320.0. The current price of RACE is down -3.35% at $292.77. UBS maintains a Buy rating on Ferrari with a price target of $375, while Jefferies maintains a Hold rating with a price target of $300.
September 21, 2023 | 7:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A large investor has taken a bearish stance on Ferrari, with unusual options activity indicating a potential price movement. The current price is down -3.35% at $292.77. Analysts from UBS and Jefferies maintain Buy and Hold ratings respectively.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests that there may be a potential downside for Ferrari's stock in the short term. This, coupled with the current price drop, indicates a negative impact. However, the maintained Buy and Hold ratings from UBS and Jefferies respectively suggest some level of confidence in the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100