A Closer Look at Chewy's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Chewy (NYSE:CHWY) through significant options market activity. Benzinga's options scanner identified 11 trades, with 45% bearish sentiment. Analysts have mixed ratings, with a consensus target price of $24.8.

June 06, 2024 | 3:46 pm
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High-rolling investors have shown a bearish sentiment on Chewy (NYSE:CHWY) through significant options market activity. Benzinga's options scanner identified 11 trades, with 45% bearish sentiment. Analysts have mixed ratings, with a consensus target price of $24.8.
The significant bearish sentiment from high-rolling investors in the options market suggests potential downside risk for Chewy's stock. The mixed analyst ratings and the current price being close to the consensus target price indicate limited upside potential in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100