Robinhood Markets Unusual Options Activity For February 12
Portfolio Pulse from Benzinga Insights
Robinhood Markets (NASDAQ:HOOD) has seen significant options activity, with a bullish sentiment prevailing among financial giants. Analysis revealed 23 unusual trades, with 60% being bullish. The options activity targets a price range of $9.0 to $20.0 for HOOD. Currently, HOOD's stock is up by 1.82%, trading at $11.76, with an RSI suggesting it may be approaching overbought territory. An earnings release is anticipated in 1 day, and Mizuho analyst maintains a Buy rating with a target price of $15.
February 12, 2024 | 8:00 pm
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Robinhood Markets has experienced bullish options activity, with a significant portion of trades predicting a price range of $9.0 to $20.0. The stock is currently up, trading at $11.76, with an upcoming earnings release and a Buy rating from Mizuho with a target price of $15.
The bullish options activity, combined with the current uptrend in stock price and the positive analyst rating from Mizuho, suggests a short-term positive impact on HOOD's stock price. The anticipation of the earnings release could further influence the stock's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100