Market Whales and Their Recent Bets on ENPH Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish interest in Enphase Energy (NASDAQ:ENPH) options, with significant activity noted by Benzinga's options scanner. The majority of the trades are calls, suggesting a positive outlook. ENPH's stock price is up 3.11% at $129.07, but RSI indicators suggest it may be overbought. An analyst from GLJ Research downgraded the stock to Sell with a price target of $45.
May 28, 2024 | 4:15 pm
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Enphase Energy (NASDAQ:ENPH) has seen significant bullish options activity, with a majority of trades being calls. The stock is currently up 3.11% at $129.07, but RSI indicators suggest it may be overbought. An analyst from GLJ Research downgraded the stock to Sell with a price target of $45.
The significant bullish options activity suggests positive sentiment among large investors, which could drive the stock price higher in the short term. However, the RSI indicator and the downgrade by GLJ Research to Sell with a $45 target introduce caution.
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