Twilio Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Twilio (NYSE:TWLO), with unusual options activity detected. Analysis of public options records by Benzinga revealed a significant bearish inclination, with 60% of the activity being bearish. The options activity suggests a target price range for TWLO between $50.0 and $85.0. Currently, TWLO's stock is down by -1.71%, trading at $55.71, with potential oversold conditions indicated by RSI readings. Analyst ratings for TWLO vary, with a consensus target price of $73.2, but opinions range from Neutral to Underperform.
February 21, 2024 | 3:46 pm
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NEGATIVE IMPACT
Unusual bearish options activity detected in TWLO, with a significant portion of investors targeting a price range of $50-$85. Current stock price is $55.71, down by -1.71%, and may be oversold. Analyst consensus target price is $73.2, with ratings ranging from Neutral to Underperform.
The bearish sentiment among deep-pocketed investors, indicated by the unusual options activity, suggests a potential short-term downside for TWLO. The current stock price decline and the mixed analyst ratings further support a bearish outlook in the short term. However, the oversold RSI readings could indicate a potential rebound, adding a level of uncertainty to the immediate price direction.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100