A Closer Look at Carvana's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on Carvana (NYSE:CVNA) through significant options trades. Benzinga's options scanner identified 11 trades, with 54% being bearish. Analysts have mixed ratings, with price targets ranging from $118 to $150. The stock is currently trading at $115.45, up by 2.18%.
June 24, 2024 | 2:31 pm
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High-rolling investors have shown a bearish sentiment on Carvana through significant options trades. Benzinga's options scanner identified 11 trades, with 54% being bearish. Analysts have mixed ratings, with price targets ranging from $118 to $150. The stock is currently trading at $115.45, up by 2.18%.
The bearish sentiment from high-rolling investors, as indicated by the options trades, suggests a potential short-term decline in Carvana's stock price. Despite mixed analyst ratings, the significant bearish options activity is a strong indicator of negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100