Check Out What Whales Are Doing With Block
Portfolio Pulse from Benzinga Insights
A large investor has taken a bearish stance on Block (NYSE:SQ), with 56% of big-money traders also showing bearish sentiment. The overall sentiment is split between 43% bullish and 56% bearish. The mean open interest for Block options trades today is 5273.0 with a total volume of 34,154.00. Whales have been targeting a price range from $42.5 to $65.0 for Block over the last 3 months.
October 24, 2023 | 3:01 pm
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A large investor has taken a bearish stance on Block (NYSE:SQ), indicating potential downward pressure on the stock. The overall sentiment among big-money traders is also bearish.
The bearish stance taken by a large investor, along with the overall bearish sentiment among big-money traders, could put downward pressure on Block's stock. This is because these investors often have significant influence on the market, and their actions can signal future price movements.
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