Fortinet Unusual Options Activity For October 12
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been observed in Fortinet's (NASDAQ:FTNT) options activity, with 81% of investors opening trades with bearish expectations. Whales have been targeting a price range from $55.0 to $65.0 for Fortinet over the last 3 months. The price of FTNT is down -1.64% at $58.0. Several experts have downgraded their actions on Fortinet, with price targets ranging from $68 to $90.
October 12, 2023 | 8:46 pm
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Bearish stance observed in Fortinet's options activity. Several experts have downgraded their actions on Fortinet.
The bearish stance in Fortinet's options activity, coupled with the downgrades from experts, indicates a potential negative impact on the stock's price in the short term.
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