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 overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The price of SQ is down -1.64% at $44.87. Several financial institutions have downgraded their ratings on Block, with price targets ranging from $65 to $90. The next earnings are expected to be released in 41 days.
September 22, 2023 | 6:45 pm
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Block (NYSE:SQ) has seen unusual options activity indicating a bearish stance. The stock price is down -1.64% at $44.87. Several financial institutions have downgraded their ratings on Block, with price targets ranging from $65 to $90.
The unusual options activity, which is heavily bearish, indicates that traders are expecting the price of Block to decrease. This is further supported by the fact that the stock price is currently down and several financial institutions have downgraded their ratings on Block. The upcoming earnings release could potentially influence the stock price further.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100