Market Whales and Their Recent Bets on TTD Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Trade Desk (NASDAQ:TTD), with 100% of notable options activities being bearish. This significant move suggests potential price volatility. The stock is currently down -0.84% at $96.89, with RSI indicators hinting at an overbought condition. Analysts have mixed ratings with a target price of $110.
June 24, 2024 | 2:31 pm
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NEGATIVE IMPACT
Trade Desk (NASDAQ:TTD) has seen significant bearish options activities, with 100% of notable trades being bearish. The stock is currently down -0.84% at $96.89, and RSI indicators suggest it may be overbought. Analysts have mixed ratings with a target price of $110.
The significant bearish options activities indicate that major investors expect the stock to decline. The current stock price is down, and RSI indicators suggest it may be overbought, adding to the bearish sentiment. Analysts' mixed ratings with a target price of $110 provide some support but do not outweigh the bearish options data.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100