Johnson & Johnson Unusual Options Activity For July 17
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Johnson & Johnson (NYSE:JNJ), with 90% of recent trades being bearish. The trades range from $105.0 to $175.0. The price of JNJ is currently down -0.39% at $159.24. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $215, while Morgan Stanley maintains an Equal-Weight rating with a price target of $187.
July 17, 2023 | 7:01 pm
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Johnson & Johnson has seen a significant amount of bearish trading activity. The current price is down, and analyst ratings are mixed.
The bearish trading activity, combined with a current price decrease and mixed analyst ratings, suggests a potential short-term negative impact on Johnson & Johnson's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100