Starbucks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Starbucks (NASDAQ:SBUX), with a mix of bullish and bearish stances. Whales have been targeting a price range from $75.0 to $115.0 for Starbucks over the last 3 months. The price of SBUX is currently up 0.72% at $99.84. TD Cowen and Piper Sandler have downgraded their actions on Starbucks, with price targets of $117 and $107 respectively.
July 11, 2023 | 7:47 pm
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Starbucks has seen unusual options activity, with a mix of bullish and bearish stances. The stock is currently up 0.72% at $99.84. Analysts have downgraded their actions on Starbucks, with price targets of $117 and $107.
The unusual options activity indicates that there is significant interest in Starbucks' stock, which could lead to increased volatility. The mix of bullish and bearish stances suggests uncertainty about the stock's future direction. The downgrades by analysts could negatively impact the stock's price, but this is balanced by the current upward trend in the stock's price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100