Spotlight on Futu Hldgs: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Futu Holdings (NASDAQ:FUTU) has seen a surge in options activity, with a majority of trades being bullish. Significant investors are targeting a price range of $65 to $120. The stock is currently trading at $102.23, up 19.32%, but RSI indicators suggest it may be overbought. An analyst from B of A Securities maintains a Buy rating with a target price of $90.
September 30, 2024 | 2:45 pm
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Futu Holdings has experienced a surge in options activity, with 57% of trades being bullish. The stock is currently trading at $102.23, up 19.32%, but RSI indicators suggest it may be overbought. Analysts have set a price target range of $65 to $120, with B of A Securities maintaining a Buy rating and a $90 target.
The surge in bullish options activity suggests positive sentiment among investors, which could drive the stock price higher in the short term. However, the RSI indicates the stock may be overbought, which could lead to a pullback. The analyst's Buy rating and target price of $90 provide additional support for a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100