What the Options Market Tells Us About Dynatrace
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment on Dynatrace (NYSE:DT), with options trading data revealing a significant lean towards bullish positions. Benzinga's tracking highlighted 12 notable options trades, with 83% being bullish. The trading activity suggests an expected price movement for Dynatrace between $55.0 and $80.0. The company's current market status shows a trading volume of 8,901,152, with a price decrease of -9.63%, and an RSI indicating a neutral position. Analysts have given Dynatrace an average target price of $68.2, with varying ratings but generally positive outlooks.
February 08, 2024 | 7:31 pm
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POSITIVE IMPACT
Dynatrace has seen a bullish trend in options trading, with a significant majority of trades being bullish. The stock's recent performance shows a decrease, but analyst ratings suggest a potential recovery with an average target price of $68.2.
The bullish sentiment in the options market, combined with the positive outlook from analysts, suggests a potential short-term recovery for Dynatrace's stock price. The recent dip in price may present a buying opportunity, as the target price consensus among analysts indicates a higher valuation.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100