Shopify's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on Shopify (NYSE:SHOP) based on recent options trading data. Out of 17 trades, 52% were bearish, with a significant amount of puts traded. Analysts have mixed ratings on Shopify, with target prices ranging from $67 to $80.
June 07, 2024 | 4:33 pm
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Recent options trading data shows a bearish sentiment among large investors, with 52% of trades being puts. Analysts have mixed ratings on Shopify, with target prices ranging from $67 to $80.
The majority of recent options trades on Shopify are bearish, indicating that large investors expect the stock price to decline. This sentiment is supported by mixed analyst ratings, with target prices suggesting limited upside potential.
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IMPORTANCE 80
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