DoorDash's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards DoorDash (NASDAQ:DASH) as revealed by Benzinga's options scanner. The options activity is unusual, with 37% of investors bearish. Analysts have mixed ratings, with price targets ranging from $142 to $177.
October 17, 2024 | 2:47 pm
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DoorDash is experiencing unusual options activity with a bearish sentiment from investors. Analysts have mixed ratings, with price targets ranging from $142 to $177. The stock is currently trading at $150.7, up by 0.56%.
The unusual options activity with a significant bearish sentiment suggests potential downward pressure on DoorDash's stock price. The mixed analyst ratings and the current overbought RSI reading further indicate potential volatility. The stock's current price is $150.7, with analysts' targets ranging from $142 to $177, suggesting a possible correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100