Smart Money Is Betting Big In BYON Options
Portfolio Pulse from Benzinga Insights
Investors are taking a bearish stance on Beyond (NYSE:BYON) through options trading, with 62% of trades being puts. The stock is currently down 28.89% at $6.77, and analysts have set a price target of $13.0. The next earnings report is imminent.
October 24, 2024 | 4:05 pm
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Beyond (NYSE:BYON) is experiencing significant bearish sentiment in options trading, with 62% of trades being puts. The stock has dropped 28.89% to $6.77, and analysts have set a price target of $13.0. The next earnings report is due soon.
The significant bearish sentiment in options trading, with a majority of puts, suggests investors expect the stock to decline further. The current stock price drop of 28.89% and the upcoming earnings report add to the uncertainty, making a short-term negative impact likely.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100