Trade Desk's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Trade Desk (NASDAQ:TTD), with a significant move in options trading detected. Benzinga's options scanner revealed 9 extraordinary activities, with a bearish majority. The price band focus is between $70.0 and $140.0. Current trading volume is 621,329 with a slight price increase to $85.64. Analysts have mixed ratings but lean towards a positive outlook with an average price target of $100.4.
March 01, 2024 | 3:32 pm
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NEUTRAL IMPACT
Trade Desk has seen a bearish trend in options trading, with a focus on a price band between $70.0 and $140.0. Despite this, the stock is slightly up, and analysts maintain a positive outlook with an average price target of $100.4.
The bearish sentiment in options trading suggests potential downward pressure on TTD's stock price. However, the slight increase in stock price and positive analyst ratings with an average price target above the current price indicate mixed signals. The overall impact is neutral due to these conflicting indicators.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100