Check Out What Whales Are Doing With Mastercard
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Mastercard (NYSE:MA), with a significant move detected in options trading. Benzinga's tracking revealed 11 unusual options activities, with 9 puts and 2 calls, indicating a bearish outlook. The predicted price range for Mastercard is between $475.0 to $500.0. The trading volume and RSI indicators suggest Mastercard might be approaching overbought territory. An earnings announcement is expected in 52 days.
March 04, 2024 | 3:18 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Significant bearish sentiment detected among deep-pocketed investors towards Mastercard, with unusual options activity suggesting a price range of $475-$500.
The bearish sentiment among heavyweight investors, indicated by the predominance of put options and the predicted price range, suggests a potential short-term downward pressure on Mastercard's stock price. The upcoming earnings announcement and the current trading volume and RSI indicators further support this analysis.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100