What the Options Market Tells Us About Upstart Hldgs
Portfolio Pulse from Benzinga Insights
Investors are taking a bearish stance on Upstart Holdings (NASDAQ:UPST) as indicated by recent options trades. Benzinga's options scanner detected 8 significant trades, with 62% being bearish. The price range focus is between $30.0 and $45.0. UPST's stock is currently up 2.1% at $39.11, but RSI indicators suggest it may be overbought.
September 19, 2024 | 2:04 pm
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Recent options trades on Upstart Holdings (NASDAQ:UPST) show a bearish sentiment, with 62% of trades being bearish. The stock is currently priced at $39.11, up 2.1%, but RSI indicators suggest it may be overbought.
The options market is a strong indicator of investor sentiment. With 62% of the trades being bearish, it suggests a negative outlook for UPST in the short term. The current stock price increase and RSI overbought signal further support potential downward pressure.
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