Market Whales and Their Recent Bets on Block Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish sentiment towards Block (NYSE:SQ), with Benzinga's options scanner revealing 17 significant options activities. The activities include both calls and puts, with a price target range from $47.5 to $125.0. Block's current trading volume is 2,613,991, with a slight price decrease of -0.79%, and an RSI indicating a neutral position. Analysts have given Block an average target price of $97.2, with ratings ranging from Buy to Outperform.
May 07, 2024 | 4:16 pm
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Block (SQ) has seen significant options activity, indicating investor interest. Analysts maintain positive ratings with an average target price of $97.2, despite a slight price dip and neutral RSI.
The bullish sentiment from deep-pocketed investors, combined with the positive analyst ratings and the significant options activity, suggests a potential short-term upside for SQ. The detailed options activities and the analysts' target prices provide a strong basis for this bullish outlook, despite the current neutral RSI and slight price decrease.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100