Spotlight on Zscaler: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Zscaler (NASDAQ:ZS) shows a bearish sentiment among large investors, with 52% of trades being bearish. The stock is currently trading at $178.67, down by 0.36%. Analysts have mixed ratings, with price targets ranging from $220 to $270.
May 17, 2024 | 8:00 pm
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Zscaler has seen a surge in bearish options activity, with 52% of trades being bearish. The stock is currently trading at $178.67, down by 0.36%. Analysts have mixed ratings, with price targets ranging from $220 to $270.
The majority of recent options trades for Zscaler are bearish, indicating a negative sentiment among large investors. This, combined with the stock's current decline and mixed analyst ratings, suggests a potential short-term downward pressure on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100