This Is What Whales Are Betting On Block
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Block (NYSE:SQ) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split, with 47% bullish and 52% bearish. The whales have been targeting a price range from $37.5 to $130.0 for Block over the last 3 months. Several experts have downgraded their ratings on Block, while others maintain their positive outlook.
October 02, 2023 | 4:31 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Block (NYSE:SQ), with a split sentiment among big-money traders. The price target range is from $37.5 to $130.0. Expert ratings are mixed.
The bearish stance taken by a large investor, along with the split sentiment among big-money traders, indicates potential downward pressure on Block's stock. The wide price target range suggests uncertainty about the company's future performance. The mixed expert ratings further add to this uncertainty, potentially impacting investor sentiment and the stock's short-term price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100