Johnson & Johnson Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Johnson & Johnson (NYSE:JNJ), with 60% of detected unusual options trades being bearish. Whales have been targeting a price range of $150 to $195 for JNJ over the last 3 months. Mizuho maintains a Buy rating with a price target of $40, while Citigroup downgraded to Buy with a price target of $185.
June 07, 2023 | 8:46 pm
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A whale has taken a bearish stance on Johnson & Johnson, with 60% of detected unusual options trades being bearish. Analysts have mixed opinions, with Mizuho maintaining a Buy rating and Citigroup downgrading to Buy.
The bearish stance taken by the whale in the options market may create short-term downward pressure on JNJ's stock price. However, the mixed analyst opinions from Mizuho and Citigroup, both maintaining Buy ratings, could counterbalance the bearish sentiment. As a result, the short-term impact on JNJ's stock price is neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100