Carvana's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on Carvana (NYSE:CVNA) with significant options trading activity. Analysis shows 48% bearish sentiment and 31% bullish sentiment among traders. The stock price is currently $136.87, up by 2.59%, with a potential price range of $85.0 to $200.0. Expert opinions vary, with target prices ranging from $110 to $200.
August 09, 2024 | 6:31 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Carvana (NYSE:CVNA) has seen significant bearish options activity, with 48% of traders showing bearish sentiment. The stock price is currently $136.87, up by 2.59%. Expert target prices range from $110 to $200.
The significant bearish options activity and the mixed expert opinions suggest potential downward pressure on Carvana's stock price in the short term. The current price increase may be temporary given the high bearish sentiment.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100