This Is What Whales Are Betting On Riot Platforms
Portfolio Pulse from Benzinga Insights
Wealthy investors are showing a bearish sentiment towards Riot Platforms (NASDAQ:RIOT) with 69% of recent options trades being puts. The trading activity suggests a focus on a price range between $5.0 and $18.0. Riot Platforms' stock is currently trading at $6.58, up by 3.13%, with analysts setting price targets between $9 and $23.
September 09, 2024 | 4:30 pm
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Riot Platforms sees significant bearish options activity, with 69% of trades being puts. The stock is currently trading at $6.58, with analysts' price targets ranging from $9 to $23.
The high percentage of bearish options trades (69% puts) indicates a negative sentiment among large investors. This could lead to downward pressure on the stock price in the short term. However, the stock is currently up by 3.13%, and analysts have set higher price targets, suggesting mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100