Decoding Shopify's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Whales have shown a bullish stance on Shopify (NYSE:SHOP) with 54% of options trades being bullish. The majority of trades are calls, with a significant amount of money targeting a price range of $25.0 to $80.0. Analysts have mixed ratings, with some upgrading to Buy and others downgrading to Neutral.
June 12, 2024 | 7:01 pm
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Whales have shown a bullish stance on Shopify with 54% of options trades being bullish. Analysts have mixed ratings, with some upgrading to Buy and others downgrading to Neutral.
The majority of options trades are bullish, indicating positive sentiment among large investors. Additionally, the stock price has recently increased by 3.04%, and analysts have mixed but generally positive ratings, with some upgrading to Buy.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100