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 observed in the unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $60.0 to $185.0 for Atlassian over the last 3 months. UBS has downgraded its action to Neutral with a price target of $225. Atlassian's next earnings are expected to be released in 3 days.
October 30, 2023 | 8:16 pm
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A large investor has taken a bearish stance on Atlassian, with 70% of big-money traders also bearish. UBS has downgraded Atlassian to Neutral. The company's earnings are due in 3 days.
The bearish sentiment from a large investor and 70% of big-money traders could negatively impact Atlassian's stock price in the short term. Additionally, UBS's downgrade to Neutral may also contribute to a potential decrease in the stock price. The upcoming earnings release could further influence the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100