Looking At Arista Networks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Arista Networks (NYSE:ANET) has seen unusual options activity with a bearish sentiment from financial giants. 68% of the trades were bearish, with significant call options activity. Analysts maintain positive ratings with price targets ranging from $425 to $460.
October 22, 2024 | 2:31 pm
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Arista Networks has experienced unusual options activity with a bearish sentiment, as 68% of trades were bearish. Despite this, analysts maintain positive ratings with price targets between $425 and $460.
The unusual options activity with a bearish sentiment suggests potential short-term downward pressure on ANET's stock price. However, the positive analyst ratings and price targets indicate confidence in the company's long-term prospects. The stock's current price is $397.84, and the RSI suggests it may be approaching overbought territory, which could contribute to short-term volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100