Looking At Equinix's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in Equinix (NASDAQ:EQIX) shows a bullish stance by investors, with 69% of trades being bullish. Significant trades include both puts and calls with strike prices ranging from $800 to $980. Equinix operates 260 data centers globally and has a diverse customer base. The stock is currently up by 1.13%, priced at $905.69, but may be approaching overbought territory. Analysts have set an average price target of $714.4, with individual targets ranging from $781 to $950.
March 06, 2024 | 7:00 pm
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Equinix has seen bullish options activity, with a current stock price of $905.69 and analyst targets ranging from $781 to $950. The company operates a global network of data centers and is considered potentially overbought.
The bullish options activity indicates investor confidence in Equinix's future performance, potentially driving short-term price increases. However, the current RSI values suggest caution as the stock may be approaching overbought territory. Analysts' price targets provide a mixed outlook, with some targets below the current price, suggesting that the bullish sentiment might be tempered by market realities.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100