Financial giants have made a conspicuous bearish move on Veeva Sys. Our analysis of options history for Veeva Sys VEEV revealed 10 unusual trades.
Delving into the details, we found 30% of traders were bullish, while 70% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $331,956, and 4 were calls, valued at $296,970.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $155.0 to $260.0 for Veeva Sys over the last 3 months.
Volume & Open Interest Trends
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Veeva Sys's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Veeva Sys's significant trades, within a strike price range of $155.0 to $260.0, over the past month.
Veeva Sys Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
| Symbol | PUT/CALL | Trade Type | Sentiment | Exp. Date | Strike Price | Total Trade Price | Open Interest | Volume |
|---|---|---|---|---|---|---|---|---|
| VEEV | PUT | SWEEP | BEARISH | 11/17/23 | $185.00 | $187.5K | 624 | 68 |
| VEEV | CALL | TRADE | BEARISH | 12/15/23 | $175.00 | $132.0K | 8 | 139 |
| VEEV | CALL | SWEEP | BEARISH | 01/19/24 | $195.00 | $88.2K | 205 | 261 |
| VEEV | CALL | SWEEP | BULLISH | 12/15/23 | $175.00 | $38.4K | 8 | 2 |
| VEEV | CALL | TRADE | BEARISH | 12/15/23 | $155.00 | $38.3K | 45 | 0 |
About Veeva Sys
Veeva is the global leading supplier of cloud-based software solutions for the life sciences industry. The company's best-of-breed offerings address operating and regulatory requirements for customers ranging from small, emerging biotechnology companies to departments of global pharmaceutical manufacturers. The company leverages its domain expertise to improve the efficiency and compliance of the underserved life sciences industry, displacing large, highly customized and dated enterprise resource planning systems that have limited flexibility. Its two main products are Veeva CRM, a customer relationship management platform for companies with a salesforce, and Veeva Vault, a content management platform that tackles various functions within any life sciences company.
Where Is Veeva Sys Standing Right Now?
- With a volume of 1,589,605, the price of VEEV is down -9.27% at $176.12.
- RSI indicators hint that the underlying stock may be oversold.
- Next earnings are expected to be released in 21 days.
Expert Opinions on Veeva Sys
A total of 3 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $241.33333333333334.
- Maintaining their stance, an analyst from Keybanc continues to hold a Overweight rating for Veeva Sys, targeting a price of $230.
- An analyst from Jefferies downgraded its action to Buy with a price target of $265.
- In a positive move, an analyst from Wells Fargo has upgraded their rating to Overweight and adjusted the price target to $229.
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 Veeva Sys, 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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