Decoding Enphase Energy's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown significant interest in Enphase Energy (NASDAQ:ENPH) through options trading, with a mix of bullish and bearish sentiments. The trading activity suggests a price target range of $75.0 to $125.0. The stock is currently trading at $119.59, up by 7.26%, with an RSI indicating it may be approaching overbought territory. Analysts have mixed ratings, with price targets ranging from $92 to $147.
May 22, 2024 | 2:46 pm
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Enphase Energy has seen significant options activity with a mix of bullish and bearish sentiments. The stock is currently up 7.26% at $119.59, with analysts' price targets ranging from $92 to $147.
The significant options activity, combined with the current price increase and mixed analyst ratings, suggests a short-term bullish sentiment. However, the presence of bearish options and a downward revision by Guggenheim indicate some caution.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100