Decoding Home Depot's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish trend in Home Depot's options activity, with 45% of traders being bullish and 27% bearish. The majority of trades were calls, indicating positive sentiment. The stock is currently trading at $333.99, down by 0.29%, with an RSI suggesting it may be approaching overbought territory. An analyst from DA Davidson has upgraded the stock to Buy with a price target of $395.
July 03, 2024 | 6:01 pm
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POSITIVE IMPACT
Home Depot has seen significant bullish options activity, with 45% of traders being bullish. The stock is currently trading at $333.99, down by 0.29%. An analyst from DA Davidson has upgraded the stock to Buy with a price target of $395.
The majority of options trades being calls indicates a bullish sentiment among traders. Additionally, the upgrade from DA Davidson to Buy with a higher price target supports a positive outlook for the stock in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100