This Is What Whales Are Betting On Coinbase Glb
Portfolio Pulse from Benzinga Insights
Whales are showing a bearish stance on Coinbase Glb (NASDAQ:COIN) with 58% of options trades being bearish. The options activity suggests a price range of $15 to $270. Despite this, COIN's stock price is up 3.34% to $166.9, and Barclays has upgraded its rating to Equal-Weight with a price target of $169.
September 17, 2024 | 4:15 pm
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Whales are predominantly bearish on Coinbase with 58% of options trades reflecting this sentiment. However, the stock price has risen by 3.34% to $166.9, and Barclays has upgraded its rating to Equal-Weight with a price target of $169.
The majority of options trades are bearish, indicating a negative sentiment among large investors. However, the stock price has increased, possibly due to the Barclays upgrade. The bearish sentiment from options traders suggests potential downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100