Check Out What Whales Are Doing With NFLX
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Netflix (NASDAQ:NFLX), as observed through 32 uncommon options trades. The sentiment is split with 28% bullish and 34% bearish. The trades include 7 puts worth $690,235 and 25 calls worth $1,152,233. Analysts have mixed ratings with an average target price of $716.4.
June 18, 2024 | 3:46 pm
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Significant investors have taken a bearish stance on Netflix, with 32 uncommon options trades showing a split sentiment. Analysts have mixed ratings with an average target price of $716.4.
The significant number of bearish options trades suggests that large investors are expecting a potential decline in Netflix's stock price. This sentiment is further supported by the mixed analyst ratings, indicating uncertainty about the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100