Riot Platforms Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Riot Platforms (NASDAQ:RIOT) based on recent options trading activity. The sentiment is split with 33% bullish and 66% bearish. The trading activity suggests a price target range of $5.0 to $15.0 over the next three months. Riot Platforms is currently trading at $9.69, down by 7.05%. Analysts have mixed ratings with price targets ranging from $12 to $23.
June 21, 2024 | 4:03 pm
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NEGATIVE IMPACT
Riot Platforms has seen significant bearish sentiment from large investors in recent options trading, with 66% of trades being bearish. The stock is currently down 7.05% at $9.69. Analysts have mixed ratings with price targets ranging from $12 to $23.
The significant bearish sentiment from large investors, as indicated by the options trading activity, suggests a negative short-term outlook for Riot Platforms. The stock's recent decline of 7.05% further supports this bearish sentiment. Mixed analyst ratings add to the uncertainty, but the predominant bearish sentiment from options traders is likely to weigh more heavily on the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100