Smart Money Is Betting Big In ROOT Options
Portfolio Pulse from Benzinga Insights
Smart money investors have shown a mixed sentiment towards Root Inc (NASDAQ:ROOT), with a bearish tilt in their options trading. Analysis of 9 significant trades reveals a split in expectations, with 33% bullish and 44% bearish. The focus is on a price range of $50.0 to $80.0 for ROOT, based on recent trading volumes and open interest. Currently, ROOT's stock has declined by -18.88%, trading at $56.71, with analysts giving mixed reviews and target prices ranging from $15 to $90. The company is awaiting its earnings release in 90 days.
May 02, 2024 | 7:47 pm
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NEGATIVE IMPACT
Root Inc shows mixed sentiment from investors, with a bearish bias in options trading but varying analyst target prices. The stock has recently seen a significant drop, trading at $56.71, down 18.88%.
The bearish sentiment in options trading, combined with the recent significant stock price drop, suggests a short-term negative impact. However, the wide range of analyst target prices indicates uncertainty about the company's future performance, which could moderate the impact.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100