A Closer Look at Trade Desk's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Trade Desk (NASDAQ:TTD), as revealed by Benzinga's options scanner. Significant options activities were detected, with 46% of the sentiment being bearish. The stock is currently trading at $99.31, up by 0.99%, and analysts have set a price target of $110.0.
July 03, 2024 | 5:16 pm
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Deep-pocketed investors have shown a bearish sentiment towards Trade Desk (NASDAQ:TTD) with significant options activity detected. The stock is currently trading at $99.31, up by 0.99%, and analysts have set a price target of $110.0.
The significant bearish sentiment among deep-pocketed investors, as indicated by the options activity, suggests a potential short-term downward pressure on TTD's stock price. Despite the current price increase and positive analyst ratings, the bearish options activity could lead to a decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100