Spotlight on Coinbase Glb: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Coinbase Glb (NASDAQ:COIN) with significant options activity. Benzinga's options scanner spotted 22 trades, with 54% being bearish. The stock is currently down by 4.06% at $222.1. Analysts have mixed ratings with an average target price of $265.8.
May 23, 2024 | 3:15 pm
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NEGATIVE IMPACT
Coinbase Glb (NASDAQ:COIN) has seen a surge in options activity, with 54% of trades being bearish. The stock is currently down by 4.06% at $222.1. Analysts have mixed ratings with an average target price of $265.8.
The significant bearish options activity suggests that investors are expecting a decline in Coinbase's stock price. The current price drop of 4.06% and mixed analyst ratings further support a negative short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100