Spotify Technology's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Investors with significant capital have taken a bearish stance on Spotify Technology (NYSE:SPOT), as revealed by recent options trading activity. Benzinga's options scanner identified 17 unusual trades, with 70% being bearish. Analysts have mixed ratings, with price targets ranging from $340 to $510.
September 24, 2024 | 2:46 pm
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Recent options trading activity shows a bearish sentiment among big money investors for Spotify Technology, with 70% of trades being bearish. Analysts have mixed ratings, with price targets ranging from $340 to $510.
The article highlights a significant bearish sentiment among large investors in Spotify's options market, with 70% of trades being bearish. This suggests potential downward pressure on SPOT's stock price. Additionally, analysts have mixed ratings, which could contribute to volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100