Looking At HubSpot's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent analysis of HubSpot's (NYSE:HUBS) options activity shows a bearish trend with 52% of trades being bearish. The options trades range between $300.0 to $700.0 strike prices, with notable activity in both puts and calls. The current market price of HUBS is $587.14, with a neutral RSI. Analysts have given an average target price of $687.0, with ratings ranging from Buy to Overweight. The next earnings report is expected in 83 days.
May 09, 2024 | 7:31 pm
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NEUTRAL IMPACT
HubSpot's bearish options activity contrasts with analyst optimism, targeting prices up to $730. Current price trends and neutral RSI suggest cautious market sentiment.
The bearish options activity indicates market caution or speculation on a price decline, which contrasts with the bullish outlook from analysts. The neutral RSI suggests the stock is currently not in overbought or oversold territory, indicating a lack of strong market momentum in either direction. The upcoming earnings report could be a significant catalyst for price movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100