Market Whales and Their Recent Bets on AFRM Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Affirm Holdings (NASDAQ:AFRM) through options trading, with 61% of trades being bearish. The trading activity suggests a price target range of $25.0 to $75.0 for AFRM over the next three months. The volume and open interest in AFRM's options indicate significant investor interest. Currently, AFRM's stock is down by -2.6%, trading at $37.15, with a neutral RSI. Analyst ratings in the last month have varied, with an average target price of $29.4.
February 20, 2024 | 5:30 pm
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NEGATIVE IMPACT
Bearish options trading and analyst downgrades suggest a negative outlook for Affirm Holdings. The stock is currently down, with a neutral RSI and varied analyst target prices.
The bearish sentiment in options trading, combined with recent analyst downgrades and a current stock price decline, indicates a negative short-term impact. The neutral RSI suggests the stock is not currently overbought or oversold, but the significant interest in options trading and the range of analyst target prices point to potential volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100