Unpacking the Latest Options Trading Trends in DoorDash
Portfolio Pulse from Benzinga Insights
Options trading trends for DoorDash (NASDAQ:DASH) show a bullish stance by whales, with a mix of bullish and bearish trades observed. The trading range for DoorDash's stock is expected between $105.0 to $150.0. The company, known for its online food ordering and delivery platform, is currently trading at $111.66, a decrease of -3.37%. Analysts have given DoorDash ratings with an average target price of $133.4, indicating a positive outlook on the stock.
May 08, 2024 | 6:16 pm
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POSITIVE IMPACT
DoorDash shows a bullish trend in options trading, with analysts maintaining a positive outlook despite a recent price dip. The stock is currently trading at $111.66, down by -3.37%.
The bullish stance by whales in options trading, combined with positive analyst ratings and a target price significantly higher than the current trading price, suggests a potential short-term increase in DoorDash's stock price. However, the recent dip indicates volatility, hence the importance and confidence scores.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100