Snap Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Snap's options trading shows a bullish sentiment with 8 unusual trades, including 6 calls and 2 puts. The price range targeted by traders is $7.0 to $15.0. Snap's stock is currently trading at $9.35, up by 3.89%, but an analyst has downgraded it to Neutral with a price target of $8.0.
September 12, 2024 | 8:17 pm
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NEUTRAL IMPACT
Snap's options trading indicates a bullish sentiment with significant call activity. However, an analyst downgrade to Neutral with a price target of $8.0 suggests caution. Current stock price is $9.35, up 3.89%.
The options trading activity shows a bullish sentiment with more calls than puts, indicating positive market sentiment. However, the analyst downgrade to Neutral with a lower price target tempers this optimism, suggesting potential caution in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100