This Is What Whales Are Betting On Shopify
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Shopify (NYSE:SHOP) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 59% bullish and 40% bearish. The price range targeted by these whales for Shopify over the last 3 months is from $34.0 to $145.0. JMP Securities has downgraded its action to Market Outperform with a price target of $72.
October 06, 2023 | 8:46 pm
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A significant bullish stance has been taken on Shopify, with a price target range of $34.0 to $145.0. JMP Securities has downgraded its action to Market Outperform with a price target of $72.
The bullish stance taken by an unknown entity, possibly a large institution or wealthy individual, indicates a positive outlook for Shopify. This, combined with the price target range and the downgrade by JMP Securities, suggests potential upward movement for Shopify's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100