Unpacking the Latest Options Trading Trends in Zoom Video Comms
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bearish sentiment among wealthy investors towards Zoom Video Comms (NASDAQ:ZM). Benzinga's options scanner detected 10 significant trades, with 7 puts and 3 calls, suggesting a price target range of $55.0 to $65.0. The stock is currently trading at $58.8, down by 2.85%. Analysts have mixed ratings, with a consensus target price of $75.4.
June 13, 2024 | 4:01 pm
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Wealthy investors have taken a bearish stance on Zoom Video Comms (NASDAQ:ZM), with 7 out of 10 significant options trades being puts. The stock is currently trading at $58.8, down by 2.85%. Analysts have mixed ratings, with a consensus target price of $75.4.
The detection of significant bearish options trades suggests that wealthy investors expect the stock price to decline. The current trading price is already down by 2.85%, and the mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100