Check Out What Whales Are Doing With JNJ
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 21% bullish and 78% bearish. The whales have been targeting a price range from $150.0 to $175.0 for JNJ over the last 3 months. The current price of JNJ is up 1.04% at $165.8. Mizuho maintains a Buy rating on JNJ.
June 30, 2023 | 5:47 pm
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Unusual options trading activity indicates a significant bearish stance on Johnson & Johnson. The sentiment among big-money traders is 78% bearish, targeting a price range from $150.0 to $175.0.
The unusual options trading activity, with a significant bearish sentiment among big-money traders, indicates that there may be a negative short-term impact on JNJ's stock price. This is further supported by the fact that the whales have been targeting a price range from $150.0 to $175.0 for JNJ over the last 3 months, which is lower than the current price of $165.8.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100