Looking At First Solar's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in First Solar (NASDAQ:FSLR) indicates a bearish sentiment among deep-pocketed investors, with a notable division of 40% bullish and 60% bearish. The activity includes 25 extraordinary options, with puts totaling $2,671,489 and calls amounting to $3,680,108. The targeted price range for FSLR over the last 3 months is between $145.0 and $280.0. The largest options trades include both bullish and bearish sentiments, with significant trades highlighted. First Solar, a leading thin-film solar module manufacturer, has seen its stock price increase by 1.21% to $176.71, with an upcoming earnings report in 23 days. An analyst from Susquehanna maintains a Positive rating on FSLR with a target price of $258.
April 08, 2024 | 7:45 pm
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First Solar has experienced unusual options activity indicating a bearish sentiment among investors, despite a recent stock price increase and a positive analyst rating with a target price of $258.
The bearish sentiment from the unusual options activity could create short-term volatility in FSLR's stock price. However, the stock's recent price increase and the positive outlook from analysts, including a target price of $258, suggest a mixed impact. The upcoming earnings report in 23 days will be crucial for further direction.
CONFIDENCE 75
IMPORTANCE 85
RELEVANCE 100