Check Out What Whales Are Doing With NFLX
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Netflix (NASDAQ:NFLX), with options activity indicating a divided mood but leaning more towards bearish with 66% against 33% bullish. Notable options trades suggest a target price range of $300 to $655 for NFLX. The company, known for its streaming service with almost 250 million subscribers globally, has introduced ad-supported plans. Currently, NFLX's stock is slightly up by 0.3%, with a trading volume of 117,715 and an RSI indicating a neutral position. Analysts have set an average target price of $645, with individual targets ranging from $550 to $765.
April 17, 2024 | 1:46 pm
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NEUTRAL IMPACT
Whales show a bearish sentiment towards NFLX, with a significant options activity suggesting a price target range of $300-$655. Analysts have a more optimistic view, setting an average target price of $645. NFLX's introduction of ad-supported plans could influence its market position.
The bearish sentiment from whales could put short-term pressure on NFLX's stock price, but the optimistic target prices from analysts and the strategic move towards ad-supported subscription plans could mitigate this impact. The mixed sentiment and strategic business moves make the short-term impact neutral, with potential for both downside and upside depending on how market participants interpret these developments.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100