Smart Money Is Betting Big In APP Options
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment on AppLovin (NASDAQ:APP) through options trading, with 40% of trades being bearish. This unusual activity suggests potential insider information. Analysts have mixed ratings, with price targets ranging from $108 to $150.
October 07, 2024 | 2:18 pm
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AppLovin is experiencing significant bearish sentiment from high-rolling investors in options trading, with 40% of trades being bearish. This could indicate insider information. Analysts have mixed ratings, with price targets ranging from $108 to $150.
The bearish sentiment from high-rolling investors in options trading suggests potential insider information, which could negatively impact AppLovin's stock price in the short term. Additionally, the mixed analyst ratings and price targets indicate uncertainty about the stock's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100