What the Options Market Tells Us About Cleanspark
Portfolio Pulse from Benzinga Insights
Recent options market activity indicates a bearish sentiment towards Cleanspark (NASDAQ:CLSK), with 66% of trades being bearish. The options trades focus on a price band between $14.0 and $35.0. Cleanspark, a bitcoin mining company, is currently trading at $16.94, down by -2.81%. Analysts from Chardan Capital and HC Wainwright & Co. maintain a Buy rating on CLSK, with an average price target of $26.33.
March 18, 2024 | 2:31 pm
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NEUTRAL IMPACT
Bearish options sentiment with 66% trades bearish. Analysts maintain Buy rating, average target $26.33. Current price $16.94, down 2.81%.
The bearish sentiment in the options market contrasts with the bullish stance of analysts, creating uncertainty. The current price drop and the analysts' target suggest potential upside, but the mixed signals may lead to short-term volatility.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100