DraftKings Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual options activity in DraftKings (NASDAQ:DKNG), with a significant bearish sentiment. Benzinga's options scanner highlighted 10 extraordinary options activities, with 50% of the sentiment being bearish. The predicted price range for DKNG is between $17.5 and $38.0 over the next three months. Analysts have mixed ratings, with an average target price of $51.4.
August 15, 2024 | 2:47 pm
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DraftKings (NASDAQ:DKNG) has seen unusual options activity with a significant bearish sentiment. The predicted price range is between $17.5 and $38.0 over the next three months. Analysts have mixed ratings, with an average target price of $51.4.
The significant bearish sentiment among deep-pocketed investors, as indicated by the unusual options activity, suggests potential downward pressure on DKNG's stock price in the short term. However, mixed analyst ratings and a relatively high average target price provide some counterbalance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100