A Closer Look at Enphase Energy's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Enphase Energy (NASDAQ:ENPH) has seen significant options market activity, with a bearish sentiment among big-money investors. Benzinga's options scanner revealed 49 unusual trades, with a split sentiment of 36% bullish and 63% bearish. The trades aim for a price range of $90 to $190 in the next three months. Current trading volume is 3,439,093, with a 2.8% price increase to $135.3. Analyst ratings in the last month have an average target price of $120.8, with varying recommendations.
February 15, 2024 | 8:01 pm
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Enphase Energy has seen significant bearish options activity, with a current price increase to $135.3 and an average analyst target price of $120.8. The options market activity suggests a potential price range of $90 to $190 in the short term.
The bearish sentiment among big-money investors, combined with the current price increase and analyst ratings, presents a mixed outlook for ENPH. The significant options activity and the price target range indicate uncertainty, but also potential for both upward and downward movements in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100