Smart Money Is Betting Big In DECK Options
Portfolio Pulse from Benzinga Insights
Investors are taking a bearish stance on Deckers Outdoor (NYSE:DECK) as significant options trades have been observed. The sentiment is predominantly bearish, with a focus on a price range of $152.5 to $175.0. Despite this, the stock price has risen by 10.46% to $167.94. Analysts have mixed ratings, with target prices ranging from $178 to $195.
October 25, 2024 | 7:46 pm
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Deckers Outdoor (NYSE:DECK) has seen significant bearish options activity, with a focus on a price range of $152.5 to $175.0. Despite this, the stock price has increased by 10.46% to $167.94. Analysts have mixed ratings, with target prices ranging from $178 to $195.
The significant bearish options activity suggests that investors expect a decline in DECK's stock price. However, the current price increase and mixed analyst ratings indicate uncertainty. The bearish sentiment in options trading is likely to have a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100