Arista Networks Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Arista Networks (NYSE:ANET), as revealed by Benzinga's options scanner. The scanner highlighted 37 extraordinary options activities, with 48% of the sentiment being bearish. The trading volume for ANET is down by -1.63%, and the stock is currently neutral according to RSI values. Analysts have mixed ratings, with a consensus target price of $381.4.
July 24, 2024 | 7:46 pm
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NEGATIVE IMPACT
Arista Networks (NYSE:ANET) has seen significant bearish sentiment from deep-pocketed investors, with 48% of options activity being bearish. The stock price is currently down by -1.63%, and analysts have mixed ratings with a consensus target price of $381.4.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential short-term decline in ANET's stock price. The mixed analyst ratings and the current price drop further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100