Looking At Axon Enterprise's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Axon Enterprise (NASDAQ:AXON) has seen unusual options activity, indicating a split sentiment among big-money traders, with 50% bullish and 50% bearish. The activity includes 8 notable trades, with a focus on a price band between $250.0 and $350.0. The company, known for its law enforcement and personal defense products, has a current stock price of $317.0, which may be overbought according to RSI indicators. Analysts have set an average price target of $306.4, with varying ratings from major financial institutions.
March 06, 2024 | 5:16 pm
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Axon Enterprise has experienced unusual options activity, with a balanced sentiment among investors. The stock is currently at $317.0, potentially overbought, with analysts setting an average target of $306.4.
The unusual options activity, with an even split between bullish and bearish sentiments, suggests uncertainty about AXON's short-term price direction. The current price being potentially overbought and the average analyst price target slightly below the current price further contribute to a neutral short-term outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100