Behind the Scenes of AppLovin's Latest Options Trends
Portfolio Pulse from Benzinga Insights
AppLovin (NASDAQ:APP) has seen a significant bearish sentiment in recent options trading, with 63% of trades showing bearish tendencies. The stock is currently trading at $89.45, up 3.32%, but analysts have mixed ratings with a consensus target price of $98.33. The anticipated earnings release is in 77 days.
August 21, 2024 | 7:31 pm
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AppLovin has experienced a bearish sentiment in options trading, with 63% of trades being bearish. The stock is currently trading at $89.45, up 3.32%. Analysts have mixed ratings with a consensus target price of $98.33, and the anticipated earnings release is in 77 days.
The article highlights a significant bearish sentiment in options trading for AppLovin, with 63% of trades being bearish. This suggests a potential short-term downward pressure on the stock price. Despite the current price increase, the mixed analyst ratings and the upcoming earnings release add uncertainty to the stock's short-term performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100