Spotlight on Spotify Technology: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Spotify Technology (NYSE:SPOT) has seen a surge in options activity, with a significant portion being bearish. This unusual activity suggests that large investors anticipate potential changes in SPOT's stock price. Analysts have mixed ratings, with price targets ranging from $340 to $510.
September 20, 2024 | 7:47 pm
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Spotify Technology has experienced unusual options activity, predominantly bearish, indicating potential short-term volatility. Analysts have mixed ratings, with price targets between $340 and $510.
The surge in bearish options activity suggests that large investors expect a potential decline in SPOT's stock price. The mixed analyst ratings, with some lowering their targets, further support the possibility of short-term volatility.
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