Unpacking the Latest Options Trading Trends in Coinbase Glb
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment towards Coinbase Glb (NASDAQ:COIN) through significant options trading activity. Benzinga's options scanner identified 8 trades, with 50% of the sentiment being bearish. The major market movers are focusing on a price band between $180.0 and $500.0. The stock is currently trading at $225.6, down by -0.84%. Analysts have mixed ratings with an average target price of $287.5.
July 03, 2024 | 2:03 pm
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NEGATIVE IMPACT
High-rolling investors have shown a bearish sentiment towards Coinbase Glb (NASDAQ:COIN) through significant options trading activity. The stock is currently trading at $225.6, down by -0.84%. Analysts have mixed ratings with an average target price of $287.5.
The significant bearish sentiment from high-rolling investors, as indicated by the options trading activity, suggests a potential short-term decline in COIN's stock price. The mixed analyst ratings and the current stock price being down by -0.84% further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100