AeroVironment Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards AeroVironment (NASDAQ:AVAV), as revealed by Benzinga's options scanner. The majority of options activity is bearish, with significant puts and calls indicating a price window from $120 to $280. Despite this, AVAV's stock price is up 1.71% at $196.0, with a neutral RSI and an average analyst target price of $255.0.
June 26, 2024 | 8:16 pm
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AeroVironment (NASDAQ:AVAV) has seen a significant increase in bearish options activity, with 75% of the trades being bearish. Despite this, the stock price is up 1.71% at $196.0. Analysts have set an average target price of $255.0.
The significant bearish options activity suggests that investors are expecting a decline in AVAV's stock price. However, the current price increase and neutral RSI indicate mixed market sentiment. The average analyst target price of $255.0 provides some positive outlook, but the short-term impact is likely negative due to the predominant bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100