A Closer Look at Maplebear's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Maplebear (NASDAQ:CART), with a significant move in options trading observed. Benzinga's options scanner revealed 9 extraordinary activities, with 77% of investors leaning bullish. The expected price range for CART is between $29.5 to $37.0 over the next three months. The largest trades include bullish calls with strike prices ranging from $31.00 to $33.00. Maplebear, doing business as Instacart, has seen its stock price increase by 3.61% to $30.96. Analysts have mixed views, with an average target price of $34.5.

February 23, 2024 | 3:01 pm
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POSITIVE IMPACT
Maplebear (NASDAQ:CART) sees bullish options trading with a price target range of $29.5 to $37.0. Stock price increased by 3.61% to $30.96, with analysts providing mixed ratings and an average target price of $34.5.
The bullish sentiment in options trading, combined with the current stock price increase and mixed analyst ratings, suggests a positive short-term outlook for CART. The significant options activity indicates investor confidence, potentially driving further price movements.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100