Home Depot Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bearish sentiment towards Home Depot (NYSE:HD) through unusual options activity, with 66% of trades being bearish. The predicted price range for HD is between $375 and $500. Despite this, analysts maintain positive ratings with target prices averaging $444. The stock is currently trading at $403.12, up by 0.32%, and may be approaching overbought territory.
October 23, 2024 | 2:15 pm
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Home Depot is experiencing bearish sentiment in options trading, with 66% of trades being bearish. Despite this, analysts maintain positive ratings with target prices averaging $444. The stock is currently trading at $403.12, up by 0.32%, and may be approaching overbought territory.
The significant bearish sentiment in options trading suggests a potential short-term downside for Home Depot's stock price. However, the positive analyst ratings and current stock performance provide a counterbalance, indicating mixed signals for investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100