Smart Money Is Betting Big In HOOD Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a significant bearish sentiment towards Robinhood Markets (NASDAQ:HOOD), as revealed by Benzinga's tracking of public options records. A notable volume of options activity was observed, with 68% of investors leaning bearish. The price band focused on by major market movers is between $8.0 and $37.0. Currently, HOOD's stock is down by -1.14%, trading at $19.9, with an anticipated earnings release in 37 days. Analysts have mixed opinions, with an average target price of $22.6.
April 01, 2024 | 4:31 pm
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NEGATIVE IMPACT
Significant bearish sentiment from deep-pocketed investors towards HOOD, with a notable volume of options activity. Stock is currently down, with mixed analyst ratings and an average target price of $22.6.
The bearish sentiment among significant investors, coupled with the current dip in stock price and the upcoming earnings release, suggests a potential short-term negative impact on HOOD's stock price. The mixed analyst ratings add to the uncertainty, making the bearish outlook more pronounced.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100