Cognizant Tech Solns's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment towards Cognizant Tech Solns (NASDAQ:CTSH), with 58% of options trades being bearish. The stock is currently down by -2.66%, trading at $68.46. Analysts have mixed ratings, with a consensus target price of $78.8.
May 17, 2024 | 4:01 pm
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High-rolling investors have shown a bearish sentiment towards Cognizant Tech Solns (NASDAQ:CTSH), with 58% of options trades being bearish. The stock is currently down by -2.66%, trading at $68.46. Analysts have mixed ratings, with a consensus target price of $78.8.
The bearish sentiment from high-rolling investors, as indicated by the options trades, suggests a negative outlook for CTSH in the short term. The stock's recent decline of -2.66% further supports this view. Mixed analyst ratings add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100