Atlassian Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Atlassian (NASDAQ:TEAM) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 28% bullish and 71% bearish. The price of TEAM is up 0.6% at $179.67. UBS has downgraded its action to Neutral with a price target of $225.
October 26, 2023 | 7:04 pm
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NEGATIVE IMPACT
Atlassian (NASDAQ:TEAM) has seen unusual options activity, with a significant bearish stance taken by a large investor. UBS has downgraded its action to Neutral with a price target of $225.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Atlassian to decrease. This is further supported by UBS's downgrade to Neutral, which suggests they do not see significant upside potential in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100