Cloudflare Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Cloudflare (NYSE:NET) with significant options trading activity. The trading volumes and open interest suggest a focus on a price range between $55.0 and $155.0. Analysts have mixed ratings, with price targets ranging from $77 to $110.
May 16, 2024 | 7:31 pm
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Cloudflare (NYSE:NET) has seen significant options trading activity, with a bullish sentiment from deep-pocketed investors. The trading volumes and open interest suggest a focus on a price range between $55.0 and $155.0. Analysts have mixed ratings, with price targets ranging from $77 to $110.
The significant options trading activity, particularly the higher volume of call options, indicates a bullish sentiment among investors. This is likely to positively impact the stock price in the short term. However, mixed analyst ratings introduce some uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100