Check Out What Whales Are Doing With PEP
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PepsiCo (NASDAQ:PEP) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 8% bullish and 91% bearish. The whales have been targeting a price range from $180.0 to $185.0 for PepsiCo over the last 3 months. The price of PEP is currently up 0.44% at $184.68, and RSI indicators suggest the stock may be approaching overbought territory.
June 30, 2023 | 3:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
A large investor has taken a significant bearish stance on PepsiCo, with unusual options activity indicating a target price range of $180.0 to $185.0. The stock may be approaching overbought territory.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, suggests that they expect the price of PepsiCo to decrease. This could potentially lead to a short-term downward pressure on the stock. Additionally, the RSI indicators suggesting that the stock may be approaching overbought territory further supports this view.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100