Looking At Starbucks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Starbucks (NASDAQ:SBUX) with 72% of detected unusual options activity being bearish. Whales have been targeting a price range of $94 to $110 for Starbucks over the last 3 months. TD Cowen maintains an Outperform rating with a price target of $117.
June 08, 2023 | 8:03 pm
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Unusual options activity indicates a bearish stance on Starbucks, with a target price range of $94 to $110. TD Cowen maintains an Outperform rating and a price target of $117.
The article highlights that a whale has taken a bearish stance on Starbucks, with 72% of detected unusual options activity being bearish. This could lead to short-term downward pressure on the stock price. However, TD Cowen maintains an Outperform rating with a price target of $117, which could provide some support for the stock.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100