Johnson & Johnson Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Johnson & Johnson (JNJ) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $160.0 to $175.0 for JNJ over the last 3 months. The current price of JNJ is $171.44, up 0.21%. Analysts from Morgan Stanley, Cantor Fitzgerald, JP Morgan, and Credit Suisse have given various ratings and price targets for JNJ.
July 25, 2023 | 4:01 pm
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Unusual options activity indicates a bearish stance on Johnson & Johnson. The sentiment among big-money traders is split, with 41% bullish and 58% bearish. The current price of JNJ is $171.44.
The unusual options activity indicates that a large investor has taken a bearish stance on JNJ. This could potentially drive the stock price down in the short term. The sentiment among these big-money traders is more bearish than bullish, which could further negatively impact the stock price. The current price of JNJ is $171.44, which is within the price range targeted by the whales over the last 3 months.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100