Deep-pocketed investors have adopted a bearish approach towards Shift4 Payments FOUR, and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in FOUR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 8 extraordinary options activities for Shift4 Payments. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 37% leaning bullish and 62% bearish. Among these notable options, 5 are puts, totaling $253,857, and 3 are calls, amounting to $118,648.
What's The Price Target?
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $57.5 and $70.0 for Shift4 Payments, spanning the last three months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Shift4 Payments's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Shift4 Payments's whale activity within a strike price range from $57.5 to $70.0 in the last 30 days.
Shift4 Payments Option Volume And Open Interest Over Last 30 Days
Biggest Options Spotted:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Ask | Bid | Price | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|---|---|---|
| FOUR | PUT | SWEEP | BULLISH | 06/21/24 | $0.95 | $0.9 | $0.9 | $57.50 | $69.1K | 156 | 1.3K |
| FOUR | PUT | SWEEP | BULLISH | 06/21/24 | $1.05 | $1.0 | $1.0 | $57.50 | $53.1K | 156 | 539 |
| FOUR | PUT | SWEEP | BEARISH | 07/19/24 | $6.1 | $5.8 | $6.1 | $67.50 | $45.7K | 6.6K | 200 |
| FOUR | CALL | SWEEP | BEARISH | 01/17/25 | $14.7 | $14.1 | $13.9 | $60.00 | $43.1K | 58 | 31 |
| FOUR | PUT | TRADE | BEARISH | 05/17/24 | $4.6 | $3.3 | $4.3 | $70.00 | $43.0K | 339 | 100 |
About Shift4 Payments
Shift4 Payments Inc is provider of integrated payment processing and technology solutions. The company offers software providers a single integration to an end-to-end payments offering, a powerful gateway and a robust suite of technology solutions (including cloud enablement, business intelligence, analytics, and mobile) to enhance the value of their software suites and simplify payment acceptance. The company derives maximum revenue from United States.
Following our analysis of the options activities associated with Shift4 Payments, we pivot to a closer look at the company's own performance.
Shift4 Payments's Current Market Status
- Currently trading with a volume of 1,009,703, the FOUR's price is up by 1.14%, now at $65.83.
- RSI readings suggest the stock is currently may be approaching overbought.
- Anticipated earnings release is in 80 days.
Expert Opinions on Shift4 Payments
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $79.0.
- An analyst from Benchmark has revised its rating downward to Buy, adjusting the price target to $99.
- Maintaining their stance, an analyst from Morgan Stanley continues to hold a Equal-Weight rating for Shift4 Payments, targeting a price of $66.
- Maintaining their stance, an analyst from Mizuho continues to hold a Buy rating for Shift4 Payments, targeting a price of $75.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Overweight rating for Shift4 Payments, targeting a price of $75.
- An analyst from Goldman Sachs persists with their Buy rating on Shift4 Payments, maintaining a target price of $80.
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for Shift4 Payments, Benzinga Pro gives you real-time options trades alerts.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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