Coinbase Glb's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Coinbase Glb (NASDAQ:COIN), as revealed by Benzinga's options scanner. The scanner highlighted 59 extraordinary options activities, with 47% of investors leaning bearish. The options activity suggests a price range of $200.0 to $400.0 for COIN over the last 3 months. Currently, COIN is trading at $245.12, up by 0.93%. Analysts have mixed opinions, with target prices ranging from $196 to $315.
July 16, 2024 | 4:01 pm
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Deep-pocketed investors have shown a bearish sentiment towards Coinbase Glb (NASDAQ:COIN) with significant options activity. The options activity suggests a price range of $200.0 to $400.0 over the last 3 months. Currently, COIN is trading at $245.12, up by 0.93%. Analysts have mixed opinions, with target prices ranging from $196 to $315.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential downward pressure on COIN's stock price in the short term. The mixed analyst ratings further add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100