Decoding Novavax's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Whales have taken a bullish stance on Novavax (NASDAQ:NVAX) with 80% of recent options trades being bullish. The price range targeted by these trades is between $7.5 and $17.5. Novavax's current trading volume is 5,226,531, with the stock price down by 7.32% to $12.97. An analyst from B of A Securities maintains a Neutral rating with a target price of $18.
June 26, 2024 | 6:17 pm
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Whales have shown a bullish stance on Novavax with 80% of recent options trades being bullish. The stock is currently trading at $12.97, down by 7.32%. An analyst from B of A Securities maintains a Neutral rating with a target price of $18.
The majority of recent options trades on Novavax are bullish, indicating positive sentiment among large investors. Despite the current price drop, the bullish options activity and the analyst's target price suggest potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100