Johnson & Johnson Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Johnson & Johnson (NYSE:JNJ), with a bearish stance being taken by a majority of investors. Of the 11 strange trades detected, 63% were bearish and 36% were bullish. The total amount for puts was $334,900 and for calls was $273,427. Whales have been targeting a price range from $150.0 to $175.0 for Johnson & Johnson over the last 3 months. Morgan Stanley maintained their Equal-Weight rating on Johnson & Johnson with a price target of $187, while Cantor Fitzgerald downgraded its action to Overweight with a price target of $215.
July 18, 2023 | 8:45 pm
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Unusual options activity has been detected for Johnson & Johnson, with a bearish stance being taken by a majority of investors. Whales have been targeting a price range from $150.0 to $175.0 for Johnson & Johnson over the last 3 months.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the price of Johnson & Johnson to decrease. This, combined with the targeted price range of $150.0 to $175.0, suggests that the stock price may experience downward pressure in the short term.
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IMPORTANCE 80
RELEVANCE 100