Unusual Call Option Trade in Snapchat Worth $78.00K – 24/7 Wall St.

Investing February 14, 2023 10:39 pm On February 13, 2023 at 11:16:35 (ET) an unusually large $78.00K block of Call contracts in Snapchat (SNAP) was bought, with a strike price of $12.00 / share, expiring in 11 days (on February 24, 2023). Fintel tracks all large options trades, and the premium spent on this trade was 1.11 sigmas above the mean, placing it in the 86.95 percentile of all recent large trades made in SNAP options. Analyst Price Forecast Suggests 8.61% Upside As of February 12, 2023, the average one-year price target for Snapchat is $11.57. The forecasts range from a low of $7.07 to a high of $44.10. The average price target represents an increase of 8.61% from its latest reported closing price of $10.65. The projected annual revenue for Snapchat is $5,131MM, an increase of 11.50%. The projected annual EPS is $0.37. What is the Fund Sentiment? There are 1013 funds or institutions reporting positions in Snapchat. This is a decrease of 123 owner(s) or 10.83% in the last quarter. Average portfolio weight of all funds dedicated to SNAP is 0.23%, a decrease of 10.06%. Total shares owned by institutions decreased in the last three months by 18.89%
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