Home Depot Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bullish sentiment towards Home Depot (NYSE:HD) with significant options trading activity. Benzinga's options scanner highlighted 11 extraordinary options activities, with 72% of the sentiment being bullish. Analysts have set an average target price of $395.2 for HD, with the stock currently trading at $359.01.
August 15, 2024 | 3:46 pm
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Home Depot (NYSE:HD) has seen significant bullish options trading activity, with 72% of the sentiment being bullish. Analysts have set an average target price of $395.2, and the stock is currently trading at $359.01.
The significant bullish sentiment in options trading, combined with positive analyst ratings and a current trading price close to the target price, suggests a likely short-term price increase for HD.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100