This Is What Whales Are Betting On Sea
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish stance on Sea (NYSE:SE) by large investors, with 58% of detected trades being bearish. The trading volume and open interest suggest a price window of $25.0 to $60.0 for Sea. Significant trades include both puts and calls with varying sentiments and strike prices. Sea, known for its e-commerce platform Shopee and gaming business Garena, has seen its stock price increase by 3.44% to $55.27. An analyst from Bernstein maintains an Outperform rating with a target price of $70.
April 05, 2024 | 8:30 pm
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Large investors have shown a bearish stance on Sea, with significant options trading activity. Despite this, the stock has recently increased in value, and an analyst from Bernstein maintains a positive outlook with a target price of $70.
The bearish sentiment from large investors through options trading contrasts with the recent stock price increase and the positive analyst rating from Bernstein. This mixed sentiment could lead to short-term volatility, but the analyst's target suggests potential upside.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100