Market Whales and Their Recent Bets on APP Options
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment on AppLovin (NASDAQ:APP) through options trading, with 62% of trades being bearish. The stock is currently up 3.22% at $116.2, but RSI indicators suggest it may be overbought. Analysts have mixed ratings, with price targets ranging from $66 to $150.
September 16, 2024 | 8:45 pm
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AppLovin (NASDAQ:APP) sees a bearish sentiment from major market players with 62% of options trades being bearish. Despite a 3.22% increase in stock price to $116.2, RSI indicators suggest it may be overbought. Analysts have mixed ratings with price targets from $66 to $150.
The article highlights a significant bearish sentiment from major market players on AppLovin through options trading, with 62% of trades being bearish. This suggests a potential short-term downward pressure on the stock price. Despite the current price increase, RSI indicators suggest the stock may be overbought, which could lead to a price correction. Analysts' mixed ratings and varied price targets further contribute to the uncertainty around the stock's short-term performance.
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