Behind the Scenes of Trade Desk's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish trend in Trade Desk (NASDAQ:TTD) options, with a significant move suggesting a big event might be on the horizon. Benzinga's options scanner revealed 13 extraordinary activities, with a bearish majority among investors. The trading activity suggests a price target range of $40.0 to $90.0 for TTD in the next three months. Currently, TTD's stock is down -3.71% at $67.4, with neutral RSI indicators and upcoming earnings in 10 days. Analysts from BMO Capital and Stifel have provided ratings with an average target price of $84.0.
February 05, 2024 | 8:00 pm
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Trade Desk shows a bearish trend in options trading with a price target range of $40-$90. Stock is currently down, with neutral RSI and upcoming earnings.
The bearish trend among deep-pocketed investors, coupled with the current stock performance and neutral RSI indicators, suggests a potential short-term downside. The upcoming earnings and analyst ratings with a higher target price provide a mixed outlook, but the bearish sentiment in options trading is a strong indicator of investor expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100