Carvana Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Carvana (NYSE:CVNA) has seen unusual options activity, with a majority of trades being bearish. A total of 34 uncommon options trades were identified, with 55% being bearish. The price target for these trades ranges between $50 and $270. Analysts have mixed ratings on Carvana, with price targets ranging from $157 to $230. The stock is currently priced at $192.59, with RSI indicators suggesting it may be overbought.
October 14, 2024 | 3:30 pm
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Carvana has experienced unusual options activity, with a significant portion being bearish. Analysts have mixed ratings, and the stock is currently priced at $192.59, with RSI indicators suggesting it may be overbought.
The unusual options activity, with a majority being bearish, suggests that investors are expecting a potential decline in Carvana's stock price. The mixed analyst ratings and the current overbought RSI indicators further support a cautious outlook. The stock's current price is close to the average analyst target, indicating limited upside potential in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100