Smart Money Is Betting Big In APP Options
Portfolio Pulse from Benzinga Insights
Investors with significant capital are showing a bullish stance on AppLovin (NASDAQ:APP), as evidenced by recent options trading activity. Benzinga's options scanner detected 29 trades, with 62% being bullish. The price range targeted by these trades is between $60.0 and $125.0. The stock is currently up 5.5% at $84.18, with RSI indicators suggesting it may be overbought. Analysts have issued ratings with a consensus target price of $98.33.
August 14, 2024 | 4:30 pm
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Significant investors are showing a bullish stance on AppLovin (NASDAQ:APP) with 62% of recent options trades being bullish. The stock is currently up 5.5% at $84.18, with a targeted price range of $60.0 to $125.0. Analysts have issued ratings with a consensus target price of $98.33.
The significant volume of bullish options trades suggests that investors expect the stock price to rise. The current price increase and analyst ratings further support this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100