Decoding AppLovin's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
AppLovin (NASDAQ:APP) has seen significant bearish options activity, with 56% of investors adopting a bearish stance. Despite this, the stock price is up 2.95% at $129.84. Analysts have given an average price target of $135.6, with some setting targets as high as $155. The next earnings report is expected in 43 days.
September 24, 2024 | 4:15 pm
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NEGATIVE IMPACT
AppLovin has experienced unusual bearish options activity, with 56% of investors showing a bearish sentiment. Despite this, the stock price has increased by 2.95% to $129.84. Analysts have set an average price target of $135.6, with some as high as $155.
The significant bearish options activity suggests a potential negative outlook from large investors, which could impact the stock negatively in the short term. However, the stock's recent price increase and positive analyst ratings provide a counterbalance, indicating mixed signals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100