Vertiv Hldgs's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Vertiv Holdings (NYSE:VRT) through options trading. Analysis reveals 45% bearish and 27% bullish trades, with significant put and call activities. The stock is currently trading at $99.08, up by 2.34%, and is approaching overbought territory. Analysts have mixed ratings with a consensus target price of $107.2.
May 20, 2024 | 4:16 pm
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Financial giants have shown a bearish sentiment towards Vertiv Holdings (NYSE:VRT) through options trading. Analysis reveals 45% bearish and 27% bullish trades, with significant put and call activities. The stock is currently trading at $99.08, up by 2.34%, and is approaching overbought territory. Analysts have mixed ratings with a consensus target price of $107.2.
The significant bearish sentiment from large financial players, as evidenced by the options trading data, suggests a potential short-term downward pressure on VRT's stock price. Despite the current price increase and mixed analyst ratings, the overall bearish options activity is a strong indicator of potential negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100