Axon Enterprise Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Axon Enterprise (NASDAQ:AXON) with unusual options activity. Benzinga's options scanner spotted 11 uncommon options trades, with 54% being bearish. The projected price targets range from $195 to $480. The stock is currently trading at $319.67 with a neutral RSI reading.
July 17, 2024 | 7:31 pm
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Unusual options activity for Axon Enterprise indicates a bearish sentiment among big-money traders. The projected price targets range from $195 to $480, suggesting potential volatility. The stock is currently trading at $319.67 with a neutral RSI reading.
The unusual options activity with a majority bearish sentiment suggests that significant investors expect a potential decline in Axon's stock price. The wide range of projected price targets indicates potential volatility. The current neutral RSI reading does not provide a clear direction, but the bearish options activity is a strong indicator of short-term downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100