Whales Make Bold Moves in Hims & Hers Health Stock Options
Whales Make Bold Moves in Hims & Hers Health Stock Options
Investors with significant capital have been increasingly bullish on Hims & Hers Health. This sentiment is noticeably reflected in the recent trading activities surrounding the company. Options history shows various trades were executed recently, indicating a strong interest in the stock.
Analyzing these trades, we find that 43% of them were made with bullish expectations, while 37% displayed bearish sentiments. In total, we've observed 16 trades; among these are 12 calls valued at $1,400,840 and 4 puts totaling $210,245.
What's The Price Target?
Recent trading activity suggests that significant investors are eyeing a price target for Hims & Hers Health that spans from $15.0 to $43.0 over the last three months. This wide range highlights the differing opinions on the future performance of the stock.
Volume & Open Interest Trends
Evaluating the volume and open interest reveals vital insights into trading patterns of Hims & Hers Health. Understanding these trends allows traders to gauge liquidity and interest levels for options at specific strike prices. Over the past month, we have seen substantial trading activity within a strike price range of $15.0 to $43.0.
Hims & Hers Health Option Activity Analysis: Last 30 Days
In recent weeks, Hims & Hers Health has seen quite a bit of action in the options market, with several large trades catching attention.
Largest Options Trades Observed:
Several noteworthy trades have occurred, demonstrating varying investor sentiments:
1. A significant call trade executed with a total price of $501.5K, considering a strike price of $38.00.
2. In another bullish trade, an analyst indicated a position taken with a total price of $417.9K at a strike of $15.00.
3. A bear sentiment was noted in a put sweep trade worth $104.5K at a strike price of $27.00.
About Hims & Hers Health
Hims & Hers Health Inc is a notable multi-specialty telehealth platform that connects individuals to licensed healthcare professionals, enabling access to superior medical care across various fields, including mental health, sexual health, dermatology, and haircare.
Further examining Hims & Hers Health's operational performance becomes essential after reviewing the options market activities connected to the company.
Current Performance of Hims & Hers Health
- The stock has a trading volume of 11,946,152, with HIMS currently valued at $34.25, reflecting a decline of 1.33%.
- Current RSI values suggest that the stock is currently resting in neutral territory, avoiding extremes of being overbought or oversold.
- Looking ahead, the company's next earnings report is anticipated to be revealed in about 54 days.
What Analysts Are Saying About Hims & Hers Health
As of late, five professional analysts have reviewed Hims & Hers Health, establishing an average price target set at $33.8.
Despite the mixed sentiments from analysts, consensus shows caution:
- An analyst from B of A Securities maintains an Underperform rating with a target price of $21.
- Morgan Stanley has downgraded its rating to Equal-Weight, projecting a price target of $60.
- An analyst from Leerink Partners holds a Market Perform rating while aiming for a price around $40.
- Additionally, Citigroup has expressed caution, adjusting its rating to Sell with a price target set at $27.
Traders must recognize the associated risks when engaging in options trading; however, those who stay informed and continuously educate themselves can navigate the landscape more strategically. Keeping abreast of the latest trading activities around Hims & Hers Health remains critical for investors.
Frequently Asked Questions
1. What is the recent trading sentiment for Hims & Hers Health?
Recent trades show a bullish sentiment with 43% of the investors showing bullish expectations based on various trades executed.
2. What are the price targets indicated by analysts for Hims & Hers Health?
The average price target from analysts is around $33.8, with a range reflecting some variations in bullish and bearish outlooks.
3. How does volume and open interest affect Hims & Hers Health’s options?
Volume and open interest provide insights into the liquidity and interest levels of options, guiding traders in their decisions for Hims & Hers Health.
4. What are the insights regarding recent options activities for Hims & Hers Health?
Recent options activities indicate significant trades, showcasing both bullish and bearish outlooks that reflect varying expectations for the company's future performance.
5. Why is staying informed about Hims & Hers Health’s trading important?
Staying informed aids traders in understanding market dynamics, as options trading involves risks but also opportunities for potential profits through tactical decisions.
About The Author
Contact Caleb Price privately here. Or send an email with ATTN: Caleb Price as the subject to contact@investorshangout.com.
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