Chewy Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Chewy (NYSE:CHWY) has seen significant options trading activity, with a mix of bullish and bearish sentiment among large investors. The trading suggests a price range of $17.5 to $55.0 for Chewy in the coming months. Analysts have mixed ratings on the stock, with a consensus target price of $27.2.
September 05, 2024 | 3:48 pm
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Chewy has experienced unusual options trading activity, indicating mixed sentiment among large investors. The stock is currently down 5.22% at $25.73, with analysts providing mixed ratings and a consensus target price of $27.2.
The unusual options trading activity suggests that large investors are divided on Chewy's short-term prospects, with both bullish and bearish positions. The stock's recent decline and mixed analyst ratings contribute to a neutral short-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100