Check Out What Whales Are Doing With ROKU
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Roku (NASDAQ:ROKU) with significant options activity. The majority of options trades are bearish, indicating potential price movements. Analysts have mixed ratings, with target prices ranging from $61 to $105.
August 19, 2024 | 5:16 pm
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Roku is experiencing significant bearish options activity, with 50% of trades being bearish. Analysts have mixed ratings, with target prices ranging from $61 to $105. The stock is currently trading at $60.7, up by 3.62%.
The significant bearish options activity suggests that investors expect a potential decline in Roku's stock price. The mixed analyst ratings add uncertainty, but the overall sentiment from options traders is predominantly bearish. This could lead to short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100