Hims & Hers Health Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Hims & Hers Health (NYSE:HIMS), as revealed by Benzinga's options scanner. The options activity is unusually high, with 56% of the trades being bearish. The stock is currently trading at $18.28, up by 25.46%, but RSI indicators suggest it may be overbought. Analysts from Deutsche Bank and Piper Sandler have given it a Hold and Neutral rating, respectively.
May 20, 2024 | 2:15 pm
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Hims & Hers Health (NYSE:HIMS) has seen significant bearish sentiment from deep-pocketed investors, with 56% of options trades being bearish. The stock is currently trading at $18.28, up by 25.46%, but RSI indicators suggest it may be overbought. Analysts from Deutsche Bank and Piper Sandler have given it a Hold and Neutral rating, respectively.
The significant bearish sentiment from deep-pocketed investors, combined with the stock's overbought RSI indicators, suggests a potential short-term price decline. The neutral ratings from analysts further support a cautious outlook.
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