Market Whales and Their Recent Bets on APP Options
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bearish sentiment on AppLovin (NASDAQ:APP) through options trading, with 37% of trades being bearish. The stock is currently trading at $171.45, with analysts providing mixed ratings and price targets ranging from $150 to $200. The recent options activity suggests a price window of $100 to $200 for AppLovin.
October 30, 2024 | 2:00 pm
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AppLovin (NASDAQ:APP) has seen significant bearish options activity, with 37% of trades being bearish. The stock is currently trading at $171.45, and analysts have mixed ratings with price targets between $150 and $200.
The significant bearish sentiment in options trading suggests that investors expect a decline in AppLovin's stock price. The mixed analyst ratings and the current overbought RSI indicator further support a potential short-term price decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100