Spotlight on Builders FirstSource: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Builders FirstSource (NYSE:BLDR) has seen a surge in options activity, with 62% of traders showing bullish sentiment. The stock is currently down 5.19% at $184.85, with analysts setting a consensus target price of $220.25. Recent options trades suggest a price window of $180 to $210.
October 21, 2024 | 7:30 pm
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Builders FirstSource has experienced significant options activity, with a majority of traders showing bullish sentiment. The stock is currently down 5.19%, but analysts have set a consensus target price of $220.25, indicating potential upside.
The surge in options activity, with 62% bullish sentiment, suggests investor confidence in BLDR's potential upside. Despite the current price drop, analysts' target prices indicate a positive outlook. The upcoming earnings report could further influence the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100