Looking At Shopify's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown significant interest in Shopify (NYSE:SHOP) through unusual options activity, with a mix of bullish and bearish sentiments. The options activity suggests a price target range of $50 to $65 over the next three months. Analysts have mixed ratings, with price targets ranging from $67 to $82.
July 29, 2024 | 6:30 pm
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NEUTRAL IMPACT
Significant options activity in Shopify (NYSE:SHOP) indicates mixed investor sentiment, with a price target range of $50 to $65 over the next three months. Analysts have provided mixed ratings with price targets between $67 and $82.
The unusual options activity suggests significant investor interest, but the mixed sentiments (50% bullish, 50% bearish) and varied analyst ratings indicate uncertainty in the short-term price direction. The price target range of $50 to $65 aligns with the options activity, while analysts' targets range from $67 to $82.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100