What the Options Market Tells Us About Shopify
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Shopify (NYSE:SHOP) based on significant options activity. The majority of the trades are calls, indicating a positive outlook. Analysts have mixed ratings, with a consensus target price of $77.5.
June 28, 2024 | 3:32 pm
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Significant options activity indicates a bullish sentiment towards Shopify. The majority of the trades are calls, suggesting investors expect the stock to rise. Analysts have mixed ratings, but the consensus target price is $77.5.
The options market activity, with 60% of trades being bullish calls, suggests that investors expect Shopify's stock to rise. The mixed analyst ratings with a consensus target price of $77.5 further support a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100