Smart Money Is Betting Big In CVNA Options
Portfolio Pulse from Benzinga Insights
Financial giants are making significant bearish moves on Carvana (NYSE:CVNA) through options trading. Analysis reveals 65% of trades are bearish, with a focus on a price range between $25.0 and $140.0. Current trading volume is 458,526, with the stock price down by -1.08% to $137.45. Analysts have mixed ratings, with target prices ranging from $110 to $200.
August 07, 2024 | 2:01 pm
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Carvana (NYSE:CVNA) is experiencing significant bearish sentiment in options trading, with 65% of trades being bearish. The stock is currently down by -1.08% to $137.45. Analysts have mixed ratings, with target prices ranging from $110 to $200.
The significant bearish sentiment in options trading, combined with the current decline in stock price and mixed analyst ratings, suggests a likely short-term downward pressure on CVNA's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100