Market Whales and Their Recent Bets on Mastercard Options
Portfolio Pulse from Benzinga Insights
Recent options trading activity on Mastercard (NYSE:MA) shows a bearish sentiment among large investors, with 50% of trades being bearish. The trading activity suggests a focus on a price range between $380 and $540. Despite this, professional analysts maintain an overweight rating with price targets around $575-$593.
October 23, 2024 | 6:15 pm
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Mastercard has seen significant bearish options activity, with 50% of trades being bearish. This suggests potential short-term downward pressure on the stock. However, analysts maintain an optimistic outlook with price targets between $575 and $593.
The bearish sentiment from large investors in options trading suggests potential short-term downward pressure on Mastercard's stock. However, the positive analyst ratings and high price targets indicate a longer-term bullish outlook. The mixed signals could lead to volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100