This Is What Whales Are Betting On Cloudflare
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Cloudflare (NYSE:NET), with significant options activity indicating potential price movements. The majority of the options trades are bearish, with a price target range of $35.0 to $86.0. Analysts have mixed ratings, with recent downgrades and upgrades.
July 05, 2024 | 5:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Deep-pocketed investors are showing a bearish sentiment towards Cloudflare (NYSE:NET), with significant options activity indicating potential price movements. The majority of the options trades are bearish, with a price target range of $35.0 to $86.0. Analysts have mixed ratings, with recent downgrades and upgrades.
The significant bearish options activity suggests that large investors expect Cloudflare's stock price to decline. This is further supported by recent analyst downgrades. However, the stock is currently up, indicating a potential short-term overbought condition.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100