Behind the Scenes of Cloudflare's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors show a bullish trend in Cloudflare (NYSE:NET) options, with a significant move detected by Benzinga's options scanner. The activity includes 14 extraordinary options activities, with a bullish sentiment from 57% of investors. The focus is on a price band between $65.0 and $120.0. Cloudflare's current trading volume is 2,538,792, with a slight price decrease of -1.04%, standing at $106.8. Analysts have set an average price target of $112.4, with varying ratings from Buy to Neutral.
February 12, 2024 | 3:45 pm
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POSITIVE IMPACT
Cloudflare's options activity indicates a bullish sentiment among investors, with a focus on a price band between $65.0 and $120.0. The stock is currently slightly down, trading at $106.8, with analysts setting an average price target of $112.4.
The bullish trend in options activity, combined with the current trading volume and slight price decrease, suggests a positive short-term outlook for Cloudflare. Analysts' ratings and price targets further support this sentiment, indicating potential growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100