Veeva Sys Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a predominantly bearish sentiment towards Veeva Systems (NYSE:VEEV), with unusual options activity detected. The activity includes 8 notable options trades, with a bearish majority of 87%. The targeted price range for VEEV by these investors is between $100.0 and $240.0. Currently, VEEV's stock is slightly down by -0.58% at $231.12, with an anticipated earnings release in 75 days. Industry analysts have set an average target price of $243.4 for VEEV, with ratings ranging from Neutral to Buy.
March 15, 2024 | 6:00 pm
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Unusual options activity with a bearish sentiment has been detected for Veeva Systems, with a price target range of $100-$240. The stock is currently down by -0.58% at $231.12, with analysts setting an average target price of $243.4.
The bearish sentiment among investors, indicated by the unusual options activity, suggests a potential short-term downside for VEEV's stock price. However, the analysts' target prices, which are above the current trading price, could mitigate some of the bearish impact. The high relevance is due to the direct mention and detailed analysis of VEEV's stock and options activity.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100