Datadog Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish stance on Datadog (NASDAQ:DDOG) with significant options activity detected. The sentiment is split with 57% bearish and 35% bullish. The stock is currently trading at $116.44, up by 1.53%. Analysts have mixed ratings with an average price target of $153.75.
July 31, 2024 | 8:31 pm
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Significant bearish options activity detected for Datadog (NASDAQ:DDOG) with 57% of trades being puts. The stock is currently trading at $116.44, up by 1.53%. Analysts have mixed ratings with an average price target of $153.75.
The detection of significant bearish options activity suggests that investors are expecting a potential decline in Datadog's stock price. Despite the stock being up by 1.53%, the overall sentiment from options traders is predominantly bearish. Mixed analyst ratings add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100