Looking At Netflix's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Netflix (NASDAQ:NFLX) shows a predominantly bearish sentiment among significant investors, with 75% of trades being bearish. The price target for NFLX ranges from $350 to $670. Analysts have mixed ratings, with an average target price of $708. The stock is currently trading at $670.43, up by 0.16%, and may be approaching overbought territory.
June 17, 2024 | 1:47 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Recent options activity for Netflix shows a predominantly bearish sentiment, with 75% of trades being bearish. The stock is currently trading at $670.43, up by 0.16%. Analysts have mixed ratings with an average target price of $708.
The majority of recent options trades for Netflix are bearish, indicating that significant investors expect the stock price to decline. Despite a slight increase in the current stock price, the bearish sentiment in options trading suggests potential downward pressure. Analysts' mixed ratings add to the uncertainty.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100