Market Whales and Their Recent Bets on COIN Options
Portfolio Pulse from Benzinga Insights
Financial giants have made significant bullish moves on Coinbase Glb (NASDAQ:COIN) through options trading. Analysis revealed 21 unusual trades, with 42% bullish and 38% bearish. The projected price targets range from $200 to $350. Analysts have mixed ratings, with an average target price of $254.8.
May 28, 2024 | 2:31 pm
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Financial giants have made significant bullish moves on Coinbase Glb (NASDAQ:COIN) through options trading. Analysis revealed 21 unusual trades, with 42% bullish and 38% bearish. The projected price targets range from $200 to $350. Analysts have mixed ratings, with an average target price of $254.8.
The significant bullish options trades indicate strong investor confidence in COIN's short-term price increase. The mixed analyst ratings and average target price of $254.8 support a positive outlook, despite the current slight price drop.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100