Check Out What Whales Are Doing With APO
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Apollo Global Management (NYSE:APO), with a notable shift in options trading activity. Benzinga's tracking revealed 8 extraordinary options activities, with a mix of bullish and bearish positions, targeting a price range of $104.0 to $135.0. The trading volume of APO is down by -1.97%, with a current price of $108.73. The next earnings report is due in 2 days, and the current RSI values suggest a neutral market position.
April 30, 2024 | 5:01 pm
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Whales show a bearish sentiment towards APO, with unusual options activity targeting a price range of $104.0 to $135.0. The stock is currently down by -1.97%, trading at $108.73, with an upcoming earnings report.
The bearish sentiment among deep-pocketed investors, highlighted by the unusual options activity, suggests a potential downside for APO in the short term. The mix of puts and calls with a majority leaning towards bearish positions, combined with the stock's recent price drop and the upcoming earnings report, could lead to increased volatility and downward pressure on the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100