Upstart Hldgs Unusual Options Activity For March 21
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual options activity in Upstart Holdings (NASDAQ:UPST), with a bullish sentiment prevailing. Benzinga's options scanner detected 11 significant trades, with a focus on a price band between $20.0 and $75.0. The trading volume and open interest analysis suggest heightened interest in UPST's options. Currently, UPST's stock is up by 1.69% at $27.01, with an RSI indicating it may be approaching overbought territory. An analyst from Piper Sandler maintains a Neutral rating with a target price of $28.

March 21, 2024 | 4:17 pm
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Unusual bullish options activity detected in UPST, with a price target of $28 by Piper Sandler. Stock currently up at $27.01.
The unusual options activity, particularly the bullish sentiment among investors, suggests a positive outlook for UPST's stock in the short term. The current stock price increase and the analyst's neutral stance with a close target price further support this potential upward movement. However, the mention of the RSI approaching overbought territory introduces a note of caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100