Looking At Enphase Energy's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent analysis of Enphase Energy's (NASDAQ:ENPH) options activity reveals a predominantly bearish sentiment among traders, with 87% of trades showing bearish tendencies. The stock is currently trading at $114.55, down by 2.19%, and has an average analyst target price of $129.8. Notable options trades include both puts and calls within a strike price range of $80.0 to $150.0.
May 15, 2024 | 2:46 pm
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Enphase Energy has seen a significant bearish sentiment in recent options activity, with 87% of trades being bearish. The stock is currently trading at $114.55, down by 2.19%. Analysts have mixed ratings with an average target price of $129.8.
The predominance of bearish sentiment in the options market, combined with the current downward price movement, suggests a negative short-term outlook for Enphase Energy. The mixed analyst ratings provide some support but do not outweigh the bearish options activity.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100