Looking At Fortinet's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Fortinet (NASDAQ:FTNT), with 72% of investors opening trades with bullish expectations. Whales have been targeting a price range from $55.0 to $95.0 for Fortinet over the last 3 months. The price of FTNT is currently down -0.7% at $59.51. Several experts have downgraded their actions on Fortinet, with price targets ranging from $68 to $90.
October 09, 2023 | 8:15 pm
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POSITIVE IMPACT
Fortinet has seen significant options activity, with a bullish stance taken by a major investor. The current price is down -0.7% at $59.51.
The bullish stance taken by a significant investor, along with the targeted price range, indicates a positive outlook for Fortinet. However, the current price drop and the downgrades by several experts may impact the stock's performance.
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