Home Depot's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Home Depot (NYSE:HD), with significant options activity indicating a potential price range of $350 to $400. The general sentiment is predominantly bearish, with 76% of the options activity reflecting this outlook. Analysts have mixed ratings, with price targets ranging from $380 to $395.
July 24, 2024 | 8:15 pm
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Deep-pocketed investors are showing a bearish sentiment towards Home Depot, with 76% of options activity reflecting this outlook. The price range targeted is $350 to $400. Analysts have mixed ratings, with price targets from $380 to $395.
The significant bearish sentiment among deep-pocketed investors, as indicated by the options activity, suggests a potential downward pressure on Home Depot's stock price in the short term. The mixed analyst ratings add to the uncertainty, but the predominant bearish sentiment is likely to have a stronger impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100