Market Whales and Their Recent Bets on SOFI Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards SoFi Technologies (NASDAQ:SOFI), with a notable increase in options activity. Benzinga's tracking revealed 20 extraordinary options activities, with a 60% bullish and 40% bearish sentiment among investors. The targeted price range for SOFI over the last 3 months is between $6.0 to $17.0. The company, known for its wide range of financial services, has seen its stock price slightly decrease by -0.12%, reaching $8.12. Analyst ratings in the last month have varied, with an average target price of $8.83, but opinions range from Underweight to Buy.
February 12, 2024 | 7:01 pm
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POSITIVE IMPACT
SoFi Technologies has seen increased options activity, indicating bullish sentiment among investors. The stock price slightly decreased, but analyst ratings suggest potential growth.
The increased options activity, especially the bullish sentiment among investors, suggests a positive outlook for SOFI's stock price in the short term. Despite the slight decrease in stock price, the average analyst target price of $8.83 and varied ratings from major financial institutions indicate a potential for growth. The significant attention from deep-pocketed investors and the detailed analysis of options trading activity further support the positive impact on SOFI's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100