General Mills Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in General Mills (NYSE:GIS), with a bearish stance taken by a large investor. Benzinga's options scanner spotted 10 uncommon options trades, with 40% bullish and 60% bearish sentiment. The targeted price range for General Mills over the last 3 months is $80.0 to $85.0.
June 08, 2023 | 8:04 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on General Mills (NYSE:GIS) with unusual options activity. The targeted price range for General Mills over the last 3 months is $80.0 to $85.0.
The unusual options activity indicates that a large investor is expecting a potential downside for General Mills in the short term. This bearish sentiment could impact the stock price negatively as other investors may follow suit, leading to a decrease in the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100