Market Whales and Their Recent Bets on DKNG Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards DraftKings (NASDAQ:DKNG) through significant options activity. Benzinga's options scanner highlighted 8 extraordinary options activities, with 62% of the sentiment being bearish. The projected price targets for DKNG range from $25.0 to $45.0 over the next three months. Despite the bearish sentiment, professional analysts maintain a generally positive outlook with an average target price of $50.2.
August 08, 2024 | 5:32 pm
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Deep-pocketed investors have shown a bearish sentiment towards DraftKings (NASDAQ:DKNG) through significant options activity. Benzinga's options scanner highlighted 8 extraordinary options activities, with 62% of the sentiment being bearish. The projected price targets for DKNG range from $25.0 to $45.0 over the next three months. Despite the bearish sentiment, professional analysts maintain a generally positive outlook with an average target price of $50.2.
The significant bearish sentiment from large investors, as indicated by the options activity, suggests potential downward pressure on DKNG's stock price in the short term. However, the generally positive analyst ratings and higher average target price provide a counterbalance, indicating mixed signals for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100