Market Whales and Their Recent Bets on Unity Software Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Unity Software (NYSE:U), with a notable shift in options trading. Benzinga's tracking revealed 15 extraordinary options activities, with 60% bearish and 40% bullish sentiment. The price target window is between $15.0 to $34.0. Unity Software is currently trading at $30.3, down by -2.32%, with a neutral RSI. Analyst ratings vary, with an average target price of $28.5, ranging from $20 to $33.
February 28, 2024 | 6:45 pm
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Unity Software sees bearish options trading sentiment with a price target window of $15-$34. Currently trading at $30.3, down 2.32%. Analysts have mixed ratings, with an average target price of $28.5.
The bearish sentiment among deep-pocketed investors, highlighted by the options trading activity, suggests a potential downside risk for Unity Software's stock price in the short term. The current trading price is already down by 2.32%, and the mixed analyst ratings, with a downgrade from Macquarie, further support the bearish outlook. However, the presence of bullish sentiments in some options trades and analyst ratings from Needham and Wedbush indicates underlying potential, moderating the impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100