Cleanspark's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bearish stance on Cleanspark (NASDAQ:CLSK) by big money investors, with a split sentiment of 38% bullish and 46% bearish. The trading activity suggests an expected price range of $15.0 to $35.0 for CLSK over the next three months. The company, a bitcoin mining entity, saw its stock price decrease by -7.7%, with a current price of $17.75. Analyst ratings from JP Morgan, HC Wainwright & Co., and Cantor Fitzgerald offer mixed views with target prices ranging from $15 to $27. The next earnings report is due in 10 days.
April 29, 2024 | 7:31 pm
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Cleanspark's recent options activity suggests a bearish sentiment among large investors, with a price expectation between $15 and $35. The stock recently fell by -7.7%, and mixed analyst ratings present a varied outlook. The company's next earnings report is anticipated in 10 days.
The bearish sentiment from big money investors, indicated by the options trading activity, suggests a potential downside risk for CLSK's stock price in the short term. The recent price drop and the upcoming earnings report add to the uncertainty, influencing the stock's short-term outlook negatively.
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IMPORTANCE 90
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