Spotlight on Spotify Technology: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Recent options activity for Spotify Technology (NYSE:SPOT) shows a bullish trend among significant investors, with 53% of trades being bullish. Analysts have mixed ratings, with price targets ranging from $230 to $430. The stock is currently priced at $317.15, down 4.14%.
August 05, 2024 | 3:15 pm
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Spotify Technology has seen a surge in bullish options activity, with 53% of trades being bullish. Analysts have mixed ratings, with price targets ranging from $230 to $430. The stock is currently priced at $317.15, down 4.14%.
The significant bullish options activity suggests investor confidence in SPOT's future performance. Despite the current price drop, the mixed analyst ratings with high price targets indicate potential for upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100