Smart Money Is Betting Big In VRT Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing significant bearish sentiment towards Vertiv Holdings (NYSE:VRT) through options trading. Benzinga's options scanner detected 19 extraordinary options activities, with 52% of the sentiment being bearish. The stock price is currently down 5.15% at $87.0, and RSI indicators suggest it may be approaching oversold territory. Analysts have an average target price of $105.0.
June 26, 2024 | 3:16 pm
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Deep-pocketed investors are showing significant bearish sentiment towards Vertiv Holdings (NYSE:VRT) through options trading. The stock price is currently down 5.15% at $87.0, and RSI indicators suggest it may be approaching oversold territory. Analysts have an average target price of $105.0.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options trading activity, suggests a potential short-term decline in VRT's stock price. The current price drop of 5.15% and RSI indicators pointing to oversold conditions further support this outlook. However, the average analyst target price of $105.0 provides a longer-term bullish perspective.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100