Sea Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish sentiment among traders on Sea (NYSE:SE), with 62% of unusual options activity indicating a bearish outlook. The analysis highlighted 8 unusual trades, with a significant portion being puts. The expected price window for Sea is between $45.0 to $75.0. Sea, known for its e-commerce platform Shopee and gaming business Garena, has seen its stock price decrease by -2.07%, with a current price of $56.65. Analysts have given mixed ratings, with an average target price of $67.8.
March 19, 2024 | 2:31 pm
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Bearish options trading sentiment with a significant portion of trades being puts. Analysts have mixed ratings but the average target price suggests optimism at $67.8, despite a recent -2.07% drop in stock price.
The bearish sentiment in options trading, particularly the high volume of puts, suggests short-term downward pressure on SE's stock price. However, the average analyst target price indicates a longer-term optimism. The recent price dip could be a reaction to the bearish options activity or other market factors, but the analyst ratings suggest underlying strength in the company's fundamentals.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100