This Is What Whales Are Betting On Deckers Outdoor
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Deckers Outdoor (NYSE:DECK), with a notable increase in options activity. Benzinga's tracking revealed 9 significant options trades, with a bullish majority of 55% and a bearish minority of 44%. The trades focus on a price range between $620.0 and $1040.0. Currently, DECK's stock is up 4.56% at $969.99, with an RSI indicating it may be approaching overbought territory. Analysts have given mixed reviews, with an average target price of $963.33.

March 14, 2024 | 5:46 pm
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Whales show bullish sentiment on DECK with significant options activity. Stock is up, but RSI suggests overbought. Mixed analyst ratings with an average target price of $963.33.
The bullish sentiment from deep-pocketed investors, indicated by the significant options activity, suggests a positive short-term impact on DECK's stock price. However, the RSI nearing overbought territory and mixed analyst ratings introduce caution, potentially moderating the bullish impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100