Unpacking the Latest Options Trading Trends in Unity Software
Portfolio Pulse from Benzinga Insights
Recent options trading activity in Unity Software (NYSE:U) has shown a bearish trend among high-rolling investors, with a notable split in sentiment: 44% bullish and 55% bearish. The trading volume and open interest analysis for Unity Software's options indicate a target price window of $20.0 to $33.0. Unity Software's current trading volume is 4,101,204, with a price increase of 1.41% to $24.5. An earnings announcement is expected in 6 days, and a professional analyst from Wedbush has set a price target of $33 with an Outperform rating.
May 03, 2024 | 7:16 pm
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Unity Software has seen a bearish trend in options trading, with a price target window of $20-$33. The stock is currently up 1.41% at $24.5, with an earnings announcement expected soon. Wedbush analyst sets a target of $33 with an Outperform rating.
The mixed sentiment in options trading and the upcoming earnings announcement create uncertainty, making it difficult to predict short-term price movement. However, the analyst's Outperform rating and target price suggest potential upside.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100