This Is What Whales Are Betting On Atlassian
Portfolio Pulse from Benzinga Insights
Whales have shown a bearish stance on Atlassian (NASDAQ:TEAM), with options trading indicating a split sentiment of 22% bullish and 77% bearish. The majority of trades were puts, totaling $347,799, compared to $32,000 in calls. A significant price band between $180.0 and $240.0 is observed for TEAM, based on trading volumes and open interest. Atlassian, known for its team collaboration software, has seen its stock price increase by 0.47% to $216.05. Analysts have a mixed outlook, with target prices ranging from $220 to $285.
February 06, 2024 | 5:16 pm
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Atlassian has seen significant bearish options activity, with a notable amount of puts traded. The stock price has slightly increased, and analysts have mixed ratings with target prices ranging from $220 to $285.
The bearish options activity, with a predominance of puts over calls, suggests market participants may be anticipating a decline in Atlassian's stock price. However, the stock has recently increased, and analyst ratings provide a mixed but generally positive outlook. The high relevance is due to the direct mention and detailed trading activity. The importance is high given the potential impact of whale trades on stock prices. Confidence is based on the detailed options data and analyst ratings provided.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100