Nike Unusual Options Activity For July 03
Portfolio Pulse from Benzinga Insights
A significant bearish stance on Nike (NYSE:NKE) has been observed through unusual options activity. The sentiment among these big-money traders is split between 28% bullish and 71% bearish. The whales have been targeting a price range from $105.0 to $145.0 for Nike over the last 3 months. Current price of NKE is down -1.14% at $109.11. Analysts from Wedbush, Citigroup, and Morgan Stanley have maintained their ratings on Nike with varying price targets.
July 03, 2023 | 5:18 pm
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NEGATIVE IMPACT
Nike has seen unusual options activity with a significant bearish sentiment. The current price is down -1.14% at $109.11. Analysts have maintained their ratings with varying price targets.
The unusual options activity, particularly the bearish sentiment, indicates that big-money traders are expecting a potential drop in Nike's stock price. This, coupled with the current price drop, suggests a negative short-term impact. However, analysts maintaining their ratings indicates some level of confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100