Check Out What Whales Are Doing With MSTR
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards MicroStrategy (NASDAQ:MSTR), with a significant move in options activity detected by Benzinga. The activity includes 258 extraordinary options activities, with a bullish majority of 53% and a bearish minority of 46%. Notable options activity includes both calls and puts with a focus on a price band between $220.0 and $3150.0. The current market standing of MSTR shows a decrease of -3.18%, with a trading volume of 1,804,431 and an RSI indicating potential overbought status. Analysts from Canaccord Genuity and TD Cowen maintain positive ratings with price targets of $1810 and $1560, respectively.
March 14, 2024 | 3:01 pm
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POSITIVE IMPACT
MicroStrategy has seen a bullish sentiment from deep-pocketed investors, with a significant increase in options activity. Despite a recent price dip, analysts maintain positive ratings.
The bullish sentiment from significant investors and the positive outlook from analysts, despite a recent price dip, suggest a potential short-term price increase. The high volume of options activity, especially in calls, indicates a strong market interest and potential for price movement within the specified price band.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100