Behind the Scenes of Unity Software's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Unity Software (NYSE:U) shows a bearish sentiment among big-money investors, with 50% of trades being bearish. The trading activity suggests a price range of $13.0 to $24.0 for Unity Software in the coming months. The stock is currently trading at $19.06, up by 10.69%, and is approaching overbought territory. An analyst from Morgan Stanley has upgraded the stock to Overweight with a price target of $22.0.
September 12, 2024 | 5:35 pm
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Unity Software's recent options trading shows a bearish sentiment with 50% of trades being bearish. The stock is currently trading at $19.06, up by 10.69%, and is approaching overbought territory. An analyst from Morgan Stanley has upgraded the stock to Overweight with a price target of $22.0.
The options trading activity indicates a bearish sentiment among big-money investors, which could lead to downward pressure on the stock price. However, the recent upgrade by Morgan Stanley to Overweight with a price target of $22.0 provides some positive outlook. The stock's current price increase and approaching overbought territory suggest potential volatility.
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