Unpacking the Latest Options Trading Trends in Vertiv Hldgs
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Vertiv Hldgs (NYSE:VRT) based on recent options trading activities. Benzinga's options scanner highlighted 12 significant options activities, with 66% of the sentiment being bearish. The trading volume for VRT stands at 1,719,258, with the stock price down by -2.32% to $84.56. An analyst from Evercore ISI Group maintains an Outperform rating with a target price of $105.
July 01, 2024 | 2:16 pm
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NEGATIVE IMPACT
Deep-pocketed investors have shown a bearish sentiment towards Vertiv Hldgs (NYSE:VRT) based on recent options trading activities. Benzinga's options scanner highlighted 12 significant options activities, with 66% of the sentiment being bearish. The trading volume for VRT stands at 1,719,258, with the stock price down by -2.32% to $84.56. An analyst from Evercore ISI Group maintains an Outperform rating with a target price of $105.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options trading activities, suggests a potential short-term decline in VRT's stock price. The stock is currently down by -2.32%, and the majority of the options activities are bearish. However, the Outperform rating from Evercore ISI Group with a target price of $105 provides a longer-term positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100