DoorDash Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Recent options trading activity indicates a bullish sentiment among wealthy investors towards DoorDash (NASDAQ:DASH), with 66% of trades being bullish. The predicted price range for DASH is between $100 and $130. The stock is currently trading at $132.23, up by 1.57%, and may be approaching overbought territory. An analyst from Cantor Fitzgerald downgraded the stock to Overweight with a price target of $160.
September 13, 2024 | 2:52 pm
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DoorDash is experiencing significant bullish options trading activity, with 66% of trades being bullish. The stock is currently trading at $132.23, up by 1.57%, and may be approaching overbought territory. An analyst from Cantor Fitzgerald downgraded the stock to Overweight with a price target of $160.
The article highlights a significant bullish sentiment in options trading for DoorDash, with 66% of trades being bullish. This suggests a positive short-term outlook. The stock's current price increase and the analyst's price target of $160 further support this sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100