Johnson & Johnson Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Johnson & Johnson (NYSE:JNJ), with 64% of detected unusual options trades being bearish. Whales have been targeting a price range of $95 to $200 for JNJ over the last 3 months. Citigroup downgraded its action to Buy with a price target of $185.
May 30, 2023 | 7:46 pm
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A whale has taken a bearish stance on Johnson & Johnson, with 64% of detected unusual options trades being bearish. Whales have been targeting a price range of $95 to $200 for JNJ over the last 3 months.
The bearish stance taken by a whale on Johnson & Johnson, with 64% of detected unusual options trades being bearish, indicates a potential short-term negative impact on the stock price. Additionally, the targeted price range of $95 to $200 over the last 3 months suggests uncertainty in the stock's direction. However, Citigroup's downgrade to Buy with a price target of $185 may provide some support to the stock.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100