Check Out What Whales Are Doing With RIOT
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected significant options trading activity for Riot Platforms (NASDAQ:RIOT), with over 12 trades amounting to $1,165,713. Analysis of volume and open interest suggests a price target range of $7.0 to $27.0. The largest trades indicate a mixed sentiment, with both bullish and bearish positions. Riot Platforms, a Bitcoin mining company, is currently trading at $11.83, up 0.42%, with an RSI suggesting it may be approaching oversold territory. Analyst ratings in the last month have an average target price of $19.4, with variations in ratings and target prices from firms like Needham, Cantor Fitzgerald, and HC Wainwright & Co.
March 12, 2024 | 3:45 pm
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POSITIVE IMPACT
Riot Platforms saw significant options trading activity, with a price target range of $7.0 to $27.0. Currently trading at $11.83, up 0.42%, and analysts have an average target price of $19.4.
The significant options trading activity, combined with the current trading price and analyst ratings, suggests a positive outlook for RIOT in the short term. The mixed sentiment in options trading indicates market uncertainty, but the overall analyst consensus and the current price trend towards the lower end of the target range may signal potential for growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100