This Is What Whales Are Betting On Crocs
Portfolio Pulse from Benzinga Insights
Whales are showing a bullish stance on Crocs (NASDAQ:CROX), with options trading indicating a preference for a price band between $110.0 and $147.0. Analysis of options history reveals 60% bullish and 30% bearish trades among investors. Notable options activity includes both puts and calls with varying sentiments and strike prices. Crocs's current stock price is $127.35, with an RSI indicating a neutral position. The company is set to release its next earnings in 1 day.
May 06, 2024 | 6:45 pm
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Whales are bullish on Crocs, with significant options trading activity suggesting a price target between $110 and $147. The stock is currently at $127.35, with earnings expected in 1 day.
The bullish stance by whales, indicated by the options trading activity, suggests a positive outlook for Crocs's stock price in the short term. The anticipation of earnings in 1 day adds to the potential for volatility and price movement. The detailed options activity, including both puts and calls with a majority leaning towards bullish sentiments, underscores the market's expectation for Crocs's stock to perform well or at least remain stable in the near future.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100