Unpacking the Latest Options Trading Trends in DoorDash
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bearish sentiment among big-money investors towards DoorDash (NASDAQ:DASH). Despite a slight increase in stock price, the majority of options trades are bearish, suggesting potential market movement. Analysts have mixed ratings, with price targets ranging from $142 to $160.
October 22, 2024 | 4:45 pm
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DoorDash is experiencing unusual options activity with a bearish sentiment from big-money investors. Despite a slight stock price increase, the majority of options trades are bearish, indicating potential market movement. Analysts have mixed ratings, with price targets ranging from $142 to $160.
The article highlights a significant bearish sentiment among big-money investors in DoorDash's options market, with 66% of trades being bearish. This suggests potential downward pressure on the stock price. Analysts' mixed ratings and the upcoming earnings report add to the uncertainty.
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IMPORTANCE 80
RELEVANCE 100