Coinbase Glb Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Coinbase Glb (NASDAQ:COIN), with significant options activity indicating potential market movements. The majority of options trades are bearish, with a notable volume of calls and puts within a strike price range of $200 to $400. Analysts have mixed ratings on COIN, with price targets ranging from $204 to $255.
June 03, 2024 | 3:01 pm
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Coinbase Glb (NASDAQ:COIN) has seen significant bearish sentiment from deep-pocketed investors, with a high volume of options activity. Analysts have mixed ratings, with price targets ranging from $204 to $255.
The high volume of bearish options activity suggests that investors are expecting a decline in COIN's stock price. Mixed analyst ratings and the current market sentiment further support a potential short-term downward trend.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100