Cleanspark's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Cleanspark (NASDAQ:CLSK) indicates a bearish sentiment among big-money investors, with 65% bearish and 35% bullish trades. The options scanner revealed 20 unusual trades, with a notable interest in a price range of $7.5 to $25.0 for CLSK. The company, a bitcoin mining firm, saw its stock price decrease by -2.28%, currently at $16.7. An analyst from HC Wainwright & Co. downgraded the stock to Buy, setting a target price of $14.
February 23, 2024 | 4:31 pm
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Cleanspark's bearish options activity and stock downgrade by HC Wainwright & Co. suggest potential short-term price pressure.
The bearish sentiment from big-money investors, combined with a downgrade from HC Wainwright & Co., could lead to short-term price declines for CLSK. The interest in options within a wide price range also indicates uncertainty about the stock's direction, further supporting the potential for a decrease in stock price.
CONFIDENCE 80
IMPORTANCE 85
RELEVANCE 100