Looking At Arista Networks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen unusual options activity, with a majority of investors taking a bullish stance. Whales have been targeting a price range from $190.0 to $220.0 for Arista Networks over the last 3 months. The company's stock price is currently down by 0.8% at $195.27. Piper Sandler has downgraded its action to Neutral with a price target of $190.
October 17, 2023 | 8:01 pm
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Arista Networks has seen unusual options activity, with majority of investors bullish. The stock price is currently down by 0.8% at $195.27. Piper Sandler has downgraded its action to Neutral with a price target of $190.
The unusual options activity indicates that investors are bullish on Arista Networks, which could potentially drive the stock price up. However, the recent downgrade by Piper Sandler and the current decrease in stock price suggest a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100