Johnson & Johnson Unusual Options Activity For July 05
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $125.0 to $165.0 for Johnson & Johnson over the last 3 months. The price of JNJ is up 0.28% at $163.81. Mizuho has maintained their Buy rating on Johnson & Johnson, which currently sits at a price target of $40.
July 05, 2023 | 2:04 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Johnson & Johnson. The price of JNJ is up 0.28% at $163.81. Mizuho has maintained their Buy rating on the company.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Johnson & Johnson to decrease. This could potentially lead to a short-term decrease in the stock price. However, Mizuho's maintained Buy rating suggests some level of confidence in the company's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100