A Closer Look at First Solar's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on First Solar (NASDAQ:FSLR) as observed through recent options market activity. Benzinga's options scanner detected 8 significant trades, with a majority being bearish. The stock is currently trading at $221.95 with an upcoming earnings announcement in 8 days. Analysts have mixed ratings with an average target price of $293.8.
July 22, 2024 | 2:46 pm
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NEGATIVE IMPACT
Recent options market activity shows a bearish sentiment towards First Solar, with significant trades detected by Benzinga's scanner. The stock is currently trading at $221.95, with an earnings announcement expected in 8 days. Analysts have mixed ratings with an average target price of $293.8.
The detection of significant bearish options trades suggests that investors expect a potential decline in First Solar's stock price. The upcoming earnings announcement adds to the uncertainty, and mixed analyst ratings further contribute to the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100