Spotlight on Coinbase Glb: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Coinbase Glb (NASDAQ:COIN) has seen a surge in options activity, with a notable bearish sentiment among financial giants. Analysis shows 33% bullish and 40% bearish trades, with significant put and call options. The stock is currently trading at $164.91, down 2.5%, with a neutral RSI. An analyst maintains a Buy rating with a $295 target.
September 04, 2024 | 1:46 pm
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Coinbase Glb has experienced a surge in options activity, with a bearish sentiment from financial giants. The stock is currently down 2.5% at $164.91. An analyst maintains a Buy rating with a $295 target.
The article highlights a significant bearish sentiment in options trading for Coinbase, with more puts than calls. The stock is currently down, and while an analyst maintains a Buy rating, the immediate sentiment is bearish, suggesting potential short-term downward pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100