Market Whales and Their Recent Bets on EQIX Options
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on Equinix (NASDAQ:EQIX) with 66% of recent options trades being puts. The price range focus is between $730.0 and $820.0. Equinix's stock is currently up by 3.66% at $796.93, with an earnings announcement expected in 7 days. Analysts have mixed ratings with price targets around $874.0.
July 31, 2024 | 7:16 pm
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Equinix (NASDAQ:EQIX) has seen a significant bearish sentiment in recent options trades, with 66% being puts. The stock is currently up by 3.66% at $796.93, with an earnings announcement expected in 7 days. Analysts have mixed ratings with price targets around $874.0.
The significant bearish sentiment in options trading suggests that major market players expect a decline in Equinix's stock price. The upcoming earnings announcement could further influence the stock's movement. Mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100