Johnson & Johnson Unusual Options Activity For June 28
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Johnson & Johnson (NYSE:JNJ) has been observed, with 35 uncommon options trades spotted. The sentiment of these big-money traders is split between 60% bullish and 40% bearish. The whales have been targeting a price range from $145.0 to $165.0 for Johnson & Johnson over the last 3 months. Citigroup has downgraded its action to Buy with a price target of $185, while Mizuho maintains their Buy rating with a price target of $40.
June 28, 2023 | 3:48 pm
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Unusual bullish options activity has been observed for Johnson & Johnson, with a price target range of $145.0 to $165.0. Citigroup and Mizuho maintain a Buy rating.
The unusual bullish options activity indicates that big-money traders are expecting the stock price to rise. This, combined with the Buy ratings from Citigroup and Mizuho, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100