This Is What Whales Are Betting On MicroStrategy
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards MicroStrategy (NASDAQ:MSTR), with a significant move in options trading. Benzinga's tracking revealed 35 unusual options activities, with a majority being calls. The trading suggests a target price range of $390.0 to $610.0 for MSTR over the next 3 months. The current market status of MicroStrategy shows a 4.04% increase in its stock price to $528.54, with an RSI indicating a potential overbought situation. The next earnings report is expected in 81 days.
February 08, 2024 | 3:17 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Significant bullish sentiment from deep-pocketed investors in options trading, targeting a price range of $390.0 to $610.0 for MSTR. The stock is currently up 4.04% at $528.54, with potential overbought signals.
The bullish sentiment among heavyweight investors, as evidenced by the significant options trading activity, suggests a positive outlook for MSTR's stock price in the short term. However, the potential overbought situation indicated by the RSI could temper gains, making it crucial to monitor the stock closely.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100