What the Options Market Tells Us About Snap
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on Snap (NYSE:SNAP), as observed through 11 uncommon options trades. The sentiment is split with 54% bullish and 36% bearish. The price target for Snap ranges from $6.5 to $19.0 over the next three months. Snap's stock is currently down 1.7% at $16.15, with RSI indicators suggesting it may be overbought.
May 21, 2024 | 4:30 pm
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Significant investors have shown a bullish stance on Snap through 11 uncommon options trades, with a price target ranging from $6.5 to $19.0 over the next three months. The stock is currently down 1.7% at $16.15, and RSI indicators suggest it may be overbought.
The presence of significant bullish options trades indicates that investors expect the stock price to rise. The current stock price and RSI indicators suggest potential for upward movement, despite the recent decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100