Pure Storage Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Pure Storage (NYSE:PSTG) with significant options activity indicating a potential decline. Benzinga's options scanner detected 19 trades, predominantly puts, suggesting a negative outlook. The stock is currently down 3.83% at $55.97, with analysts setting a price target of $47.0.
July 30, 2024 | 7:16 pm
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Significant bearish options activity detected for Pure Storage (NYSE:PSTG), with 84% of trades being puts. The stock is down 3.83% at $55.97, and analysts have set a price target of $47.0.
The detection of significant bearish options activity, with 84% of trades being puts, indicates a strong negative sentiment among investors. The stock's current decline of 3.83% and the downward revision of the price target to $47.0 by analysts further support the likelihood of a short-term price drop.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100