What the Options Market Tells Us About Home Depot
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bullish stance on Home Depot (NYSE:HD), as observed through 11 uncommon options trades. The sentiment is split with 63% bullish and 36% bearish. The major market movers are focusing on a price band between $280.0 and $335.0 for Home Depot. Analysts have mixed ratings with an average target price of $374.8.
June 11, 2024 | 4:47 pm
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Investors with significant capital have taken a bullish stance on Home Depot, as observed through 11 uncommon options trades. The sentiment is split with 63% bullish and 36% bearish. Analysts have mixed ratings with an average target price of $374.8.
The significant volume of bullish options trades indicates strong investor confidence in Home Depot's short-term performance. The mixed analyst ratings provide a balanced view, but the overall sentiment leans positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100