This Is What Whales Are Betting On Netflix
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on Netflix, with 46% of options trades being bearish. The price target for Netflix is between $500 and $710, with a current price of $690.95. Analysts have mixed ratings, with target prices ranging from $675 to $725.

August 20, 2024 | 1:46 pm
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Whales are showing a bearish stance on Netflix, with 46% of options trades being bearish. The price target for Netflix is between $500 and $710, with a current price of $690.95. Analysts have mixed ratings, with target prices ranging from $675 to $725.
The article highlights a bearish sentiment among large investors ('whales') in Netflix, with 46% of options trades being bearish. This suggests a potential short-term downward pressure on the stock price. Additionally, the RSI indicates the stock may be overbought, which could lead to a price correction. Analyst ratings are mixed, with target prices close to the current trading price, indicating limited upside potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100