Spotlight on Cleanspark: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Cleanspark (NASDAQ:CLSK), a bitcoin mining company, has seen a surge in options activity, indicating a bullish stance by significant investors. Benzinga's options scanner revealed 14 uncommon trades, with a sentiment split of 57% bullish. The trades aim for a price range of $2.5 to $37.0 for CLSK. Notable options activity includes both calls and puts with varying sentiments and strike prices. The company's stock is up 5.21%, with a current price of $16.77. Two market experts have issued ratings, with a consensus target price of $21.0. HC Wainwright & Co. downgraded CLSK to Buy with a target price of $27, while JP Morgan maintains a Neutral rating with a target price of $15.
May 03, 2024 | 5:45 pm
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Cleanspark's bullish options activity and analyst ratings suggest potential short-term price movement. With a current uptick and target prices ranging from $15 to $27, investor sentiment appears optimistic.
The significant options activity, especially the bullish sentiment among investors, combined with the recent stock price increase and analyst ratings, suggests a positive short-term outlook for CLSK. The detailed options trades and the consensus target price of $21.0, with specific targets from analysts, underline the potential for price movement in the near term.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100