Financial giants have made a conspicuous bearish move on Veeva Sys. Our analysis of options history for Veeva Sys VEEV revealed 11 unusual trades. Delving into the details, we found that 45% of traders were bullish, while 54% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $196,800, and 9 were calls, valued at $983,225.
After evaluating the trading volumes and Open Interest, it’s evident that the major market movers are focusing on a price band between $200.0 and $270.0 for Veeva Sys, spanning the last three months. In today’s trading context, the average open interest for options of Veeva Sys stands at 833.5, with a total volume reaching 1,209.00. The accompanying chart delineates the progression of both call and put option volume and open interest for high-value trades in Veeva Sys, situated within the strike price corridor from $200.0 to $270.0, throughout the last 30 days.
Noteworthy options activity includes several trades such as calls, puts, sweeps, and trades, each with varying sentiments, expiration dates, strike prices, total trade prices, open interest, and volumes.
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.
As of now, VEEV’s trading volume stands at 1,655,827, with the price down by -2.22%, positioned at $220.5. RSI indicators show the stock may be approaching overbought, and an earnings announcement is expected in 89 days.
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $234.4. Analysts from Truist Securities, UBS, Citigroup, Piper Sandler, and Oppenheimer have maintained their ratings and target prices for Veeva Sys.
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.
