Mastercard Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bearish trades have been observed in Mastercard's options, with 55% of investors taking a bearish stance. The targeted price range for Mastercard over the last 3 months is $370.0 to $480.0. The current price of Mastercard is down by 1.67% at $395.76. Jefferies and Truist Securities maintain a Buy rating on Mastercard with a price target of $475, while Mizuho downgraded its action to Buy with a price target of $435.
September 26, 2023 | 7:01 pm
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Mastercard has seen a significant number of bearish trades in its options. The current price is down by 1.67% at $395.76. Analysts from Jefferies and Truist Securities maintain a Buy rating with a price target of $475, while Mizuho downgraded its action to Buy with a price target of $435.
The bearish stance observed in Mastercard's options indicates a negative sentiment among investors, which could potentially drive the stock price down in the short term. The current price is already down by 1.67%. However, the Buy ratings from Jefferies and Truist Securities, along with a downgrade to Buy from Mizuho, suggest that analysts still see potential in the stock, albeit at lower price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100