This Is What Whales Are Betting On Zscaler
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Zscaler (NASDAQ:ZS), with options trading analysis revealing 56% bearishness. The trading activity suggests a targeted price range for ZS between $180.0 and $260.0. Notable options activity includes both bearish and bullish trades, with a significant volume and open interest in options. Zscaler, a SaaS firm specializing in cybersecurity, has seen its stock price decrease by -4.87%, with an earnings announcement expected in 16 days.
February 13, 2024 | 3:46 pm
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NEGATIVE IMPACT
Zscaler has experienced a bearish sentiment from financial giants, with a notable decrease in stock price and an upcoming earnings announcement.
The bearish sentiment in options trading, combined with the recent stock price decrease, suggests a short-term negative impact on ZS. The upcoming earnings announcement adds uncertainty, potentially exacerbating the bearish outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100