Netflix Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Netflix (NASDAQ:NFLX) shows a bearish sentiment among large investors, with 45% of trades being bearish. The stock is currently trading at $675.38, down by 1.31%. Analysts have mixed ratings with a consensus target price of $719.0.
June 28, 2024 | 5:16 pm
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Netflix has seen a significant amount of bearish options activity, with 45% of trades being bearish. The stock is currently down by 1.31% at $675.38. Analysts have mixed ratings with a consensus target price of $719.0.
The significant bearish sentiment in options trading suggests that large investors are expecting a decline in Netflix's stock price. This is further supported by the current price drop of 1.31%. However, analysts have mixed ratings, which adds some uncertainty to the short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100