Meta Platforms Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment on Meta Platforms (NASDAQ:META) through options trading, with 57% of trades being bearish. The focus is on a price range between $522.5 and $535.0. Analysts maintain positive ratings with target prices ranging from $550 to $615.
August 20, 2024 | 1:46 pm
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Meta Platforms is experiencing a bearish sentiment in options trading, with 57% of trades being bearish. Despite this, analysts maintain positive ratings with target prices ranging from $550 to $615.
The bearish sentiment in options trading suggests a potential short-term downward pressure on META's stock price. However, the positive analyst ratings and high target prices indicate a longer-term bullish outlook. The mixed signals could lead to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100