Spotify Technology Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual bearish options activity towards Spotify Technology (NYSE:SPOT), with 54% of the trades being bearish. This significant move suggests potential price volatility. Analysts have mixed ratings, with price targets ranging from $230 to $410.
July 18, 2024 | 2:48 pm
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Unusual bearish options activity has been observed for Spotify Technology, with 54% of the trades being bearish. This suggests potential price volatility in the short term. Analysts have mixed ratings, with price targets ranging from $230 to $410.
The significant bearish options activity indicates that large investors are expecting a potential decline in Spotify's stock price. This is further supported by mixed analyst ratings, with some downgrades and lower price targets.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100