Moderna Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Moderna (NASDAQ:MRNA), with options trading data revealing 80% bearish and 20% bullish positions. Benzinga's options scanner identified unusual activity, including 10 significant trades, with a focus on strike prices between $100.0 and $105.0. Moderna's current market performance shows a slight decrease in stock price to $103.69, with an RSI indicating a neutral position. The company's mRNA technology has been validated by its COVID-19 vaccine, and it has 39 mRNA development candidates in clinical trials.
April 17, 2024 | 2:18 pm
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Bearish sentiment among high-rolling investors on Moderna, with significant options trading activity indicating a price target between $100 and $105. Current stock price is $103.69, with a neutral RSI.
The bearish sentiment among significant investors, as indicated by the options trading activity, suggests a potential downside risk for Moderna's stock price in the short term. The focus on strike prices between $100 and $105, combined with the current neutral RSI and slight decrease in stock price, supports the anticipation of a downward movement.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100