Williams-Sonoma's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Investors have taken a predominantly bearish stance on Williams-Sonoma (NYSE:WSM) through options trading, with 75% of trades being puts. The stock is currently trading at $144.19, up 6.13%, but analysts have mixed ratings with target prices ranging from $140 to $170.
September 13, 2024 | 7:35 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Williams-Sonoma is experiencing a bearish sentiment in options trading, with 75% of trades being puts. The stock is currently up 6.13% at $144.19, but analysts have mixed ratings with target prices ranging from $140 to $170.
The predominance of bearish options trades (75% puts) suggests a negative outlook among investors, which could lead to downward pressure on the stock price. Despite the current price increase, the mixed analyst ratings and the high RSI indicating potential overbought conditions add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100