PepsiCo Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for PepsiCo (NASDAQ:PEP), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 12 options trades for PepsiCo, with 41% bullish and 58% bearish sentiment. The targeted price range for PepsiCo over the last 3 months is $180.0 to $190.0.
May 30, 2023 | 3:04 pm
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A large investor has taken a bearish stance on PepsiCo (NASDAQ:PEP) with unusual options activity. The targeted price range for PepsiCo over the last 3 months is $180.0 to $190.0.
The unusual options activity, with a majority of 58% bearish sentiment, indicates that a large investor is expecting PepsiCo's stock price to decline in the short term. This could potentially impact the stock price negatively as other investors may follow suit or react to the bearish sentiment.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100