Check Out What Whales Are Doing With SPOT
Portfolio Pulse from Benzinga Insights
Wealthy investors have taken a bearish stance on Spotify Technology (NYSE:SPOT), as indicated by 46 uncommon options trades. The sentiment is split with 39% bullish and 52% bearish. Analysts have mixed ratings with a consensus target price of $390.2.
August 01, 2024 | 4:51 pm
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Wealthy investors have taken a bearish stance on Spotify Technology (NYSE:SPOT), as indicated by 46 uncommon options trades. The sentiment is split with 39% bullish and 52% bearish. Analysts have mixed ratings with a consensus target price of $390.2.
The significant number of bearish options trades suggests that wealthy investors expect a decline in Spotify's stock price. This sentiment is further supported by the mixed analyst ratings and the current stock price trend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100