Decoding GameStop's Options Activity: What's the Big Picture?
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards GameStop (NYSE:GME) through significant options activity. Benzinga's options scanner revealed 10 notable options activities, with 60% of investors leaning bearish. The predicted price range for GME is between $10.0 and $125.0. The stock is currently priced at $22.05, with a neutral RSI. Analysts have set an average price target of $10.0, with Wedbush maintaining an Underperform rating.
October 02, 2024 | 4:17 pm
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GameStop is experiencing significant bearish sentiment from investors, as revealed by Benzinga's options scanner. The stock's current price is $22.05, with a predicted range of $10.0 to $125.0. Analysts have set a target of $10.0, with Wedbush rating it as Underperform.
The article highlights a significant bearish sentiment among investors towards GameStop, as evidenced by options activity. The stock's current price is $22.05, but analysts have set a lower target of $10.0, indicating potential downside. The bearish sentiment and analyst ratings suggest a likely short-term price decline.
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