CrowdStrike Holdings's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on CrowdStrike Holdings (NASDAQ:CRWD) with significant options trading activity. 40% of the trades were bearish, with a total of $907,644 in puts and $1,103,227 in calls. The predicted price range for CRWD is between $165.0 and $480.0. The stock is currently trading at $349.0, with an RSI indicating it may be overbought. An earnings announcement is expected in 14 days, and an analyst from JMP Securities downgraded the stock to Market Outperform with a price target of $400.
May 21, 2024 | 5:16 pm
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CrowdStrike Holdings (NASDAQ:CRWD) has seen significant bearish options activity, with 40% of trades being bearish. The stock is currently trading at $349.0, with an RSI indicating it may be overbought. An earnings announcement is expected in 14 days, and JMP Securities downgraded the stock to Market Outperform with a price target of $400.
The significant bearish options activity and the analyst downgrade suggest a negative short-term outlook for CRWD. The RSI indicates the stock may be overbought, adding to the bearish sentiment. The upcoming earnings announcement could further impact the stock price.
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