Behind the Scenes of Shopify's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Shopify (NYSE:SHOP) shows a bullish trend among significant investors, with 66% of trades having bullish expectations. The price target for Shopify is between $65.0 and $90.0. The stock is currently trading at $75.62, up by 1.78%, and may be approaching overbought territory.
August 23, 2024 | 2:31 pm
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Shopify's options trading shows a bullish trend with a price target of $65-$90. The stock is currently up 1.78% at $75.62, indicating positive investor sentiment.
The majority of options trades are bullish, indicating positive sentiment among investors. The stock's current price increase and the bullish options activity suggest a potential upward movement in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100