Looking At Spotify Technology's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity for Spotify Technology (NYSE:SPOT) indicates a bearish sentiment among deep-pocketed investors. Benzinga's options scanner highlighted 12 significant options activities, with 50% of investors leaning bearish. Analysts have mixed ratings, with price targets ranging from $230 to $410. The next earnings report is due in one day.
July 22, 2024 | 3:00 pm
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Unusual options activity for Spotify Technology indicates a bearish sentiment among investors, with 50% of the options activity being bearish. Analysts have mixed ratings, and the next earnings report is due in one day.
The significant bearish options activity suggests that investors are expecting a potential decline in Spotify's stock price. The mixed analyst ratings and the upcoming earnings report add to the uncertainty, likely leading to short-term downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100