Block Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Block (NYSE:SQ) through significant options activity. Benzinga's options scanner highlighted 12 unusual options activities, with 83% of the sentiment being bearish. The trading activity suggests a price range of $57.5 to $110.0 for Block over the next three months. Analysts maintain a generally positive outlook with an average target price of $93.4.
May 29, 2024 | 3:17 pm
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Deep-pocketed investors have shown a bearish sentiment towards Block (NYSE:SQ) through significant options activity. Benzinga's options scanner highlighted 12 unusual options activities, with 83% of the sentiment being bearish. The trading activity suggests a price range of $57.5 to $110.0 for Block over the next three months. Analysts maintain a generally positive outlook with an average target price of $93.4.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential short-term decline in Block's stock price. However, the generally positive analyst ratings provide a counterbalance, indicating a mixed outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100