Unpacking the Latest Options Trading Trends in Hims & Hers Health
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bearish stance on Hims & Hers Health (NYSE:HIMS) by significant investors. Benzinga's options scanner detected 15 uncommon options trades, with 46% being bearish. The trading activity suggests a price range of $12.0 to $30.0 for HIMS over the next three months. The stock is currently trading at $15.75, down by 2.6%. Analysts have mixed ratings, with target prices ranging from $13 to $24.
May 23, 2024 | 7:31 pm
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Significant investors have taken a bearish stance on Hims & Hers Health (NYSE:HIMS), with 46% of recent options trades being bearish. The stock is currently trading at $15.75, down by 2.6%. Analysts have mixed ratings, with target prices ranging from $13 to $24.
The detection of 15 uncommon options trades, with a significant portion being bearish, indicates that major investors are expecting a decline in HIMS's stock price. The current price drop of 2.6% and mixed analyst ratings further support this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100