Starbucks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Starbucks (NASDAQ:SBUX) with 81% of detected unusual options trades being bearish. Whales have been targeting a price range of $90 to $130 for Starbucks over the last 3 months. TD Cowen maintains an Outperform rating with a price target of $117, while Piper Sandler downgraded to Neutral with a price target of $107.
June 23, 2023 | 4:24 pm
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A whale has taken a bearish stance on Starbucks with 81% of detected unusual options trades being bearish. Analysts have mixed ratings with TD Cowen maintaining an Outperform rating and a price target of $117, while Piper Sandler downgraded to Neutral with a price target of $107.
The bearish stance taken by the whale, who has a significant amount of money to spend, indicates a potential short-term negative impact on Starbucks' stock price. Additionally, the mixed analyst ratings, with TD Cowen maintaining an Outperform rating and a price target of $117, while Piper Sandler downgraded to Neutral with a price target of $107, further contribute to the uncertainty and potential downward pressure on the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100