Check Out What Whales Are Doing With Home Depot
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bullish stance on Home Depot (NYSE:HD), as evidenced by 21 uncommon options trades spotted by Benzinga's options scanner. The sentiment is split with 47% bullish and 28% bearish. The stock is currently trading at $366.69, down by 1.4%, with an RSI suggesting it may be approaching overbought. Analysts have set an average target price of $387.5.
July 18, 2024 | 8:01 pm
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Wealthy investors have shown a bullish stance on Home Depot with 21 uncommon options trades. The sentiment is 47% bullish and 28% bearish. The stock is currently trading at $366.69, down by 1.4%. Analysts have set an average target price of $387.5.
The significant number of uncommon options trades, with a majority being bullish, indicates strong investor interest and potential positive movement in Home Depot's stock price. The current price drop and RSI readings suggest a potential rebound, supported by analysts' target prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100