Behind the Scenes of Axon Enterprise's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a predominantly bearish stance on Axon Enterprise (NASDAQ:AXON), as observed through recent options trades. Benzinga's options scanner detected 9 unusual trades, with 55% being bearish. The major market movers are focusing on a price range between $250.0 and $420.0. Analysts have mixed ratings, with target prices ranging from $360 to $400.
August 16, 2024 | 4:02 pm
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Investors with significant capital have taken a predominantly bearish stance on Axon Enterprise (NASDAQ:AXON), as observed through recent options trades. Benzinga's options scanner detected 9 unusual trades, with 55% being bearish. The major market movers are focusing on a price range between $250.0 and $420.0.
The detection of 9 unusual options trades, with a majority being bearish, indicates a negative sentiment among big-money investors. This could lead to short-term downward pressure on AXON's stock price. Additionally, the mixed analyst ratings and target prices suggest uncertainty in the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100