Unpacking the Latest Options Trading Trends in Visa
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Visa (NYSE:V), with a significant move in options trading indicating potential big changes. Benzinga's tracking revealed 12 unusual options activities, with a bearish majority of 75%. The trading suggests a price target range of $240 to $290 for Visa in the next three months. Visa's current stock price is down -0.7% at $270.78, with analysts giving mixed ratings and price targets ranging from $265 to $335. The company remains a global leader in payment processing.
April 18, 2024 | 5:46 pm
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Bearish options trading trends and analyst ratings suggest potential volatility for Visa's stock price in the short term.
The bearish sentiment among deep-pocketed investors, highlighted by unusual options activity, combined with mixed analyst ratings and a slight current price dip, suggests potential short-term downward pressure on Visa's stock price. However, Visa's strong market position as the leading payment processor could mitigate long-term risks.
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