Carvana Unusual Options Activity For September 04
Portfolio Pulse from Benzinga Insights
Carvana (NYSE:CVNA) has seen unusual options activity with a bearish sentiment from big-money investors. The options trades are predominantly puts, indicating a potential price movement. The stock is currently priced at $145.44, with an analyst target of $142.0.
September 04, 2024 | 6:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Carvana has experienced unusual options activity with a bearish sentiment from large investors. The majority of trades are puts, suggesting potential downward pressure on the stock price. Current price is $145.44, with an analyst target of $142.0.
The article highlights significant bearish options activity for Carvana, with 11 out of 12 trades being puts. This suggests that investors expect the stock price to decline. The current stock price is slightly above the analyst target, indicating potential overvaluation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100