Looking At Starbucks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Starbucks (NASDAQ:SBUX) has been observed in recent unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $95.0 to $115.0 for Starbucks over the last 3 months. The current price of SBUX is up 0.45% at $103.24. Analysts from Stephens & Co., Wells Fargo, B of A Securities, Morgan Stanley, and Citigroup have maintained their ratings on Starbucks with varying price targets.
July 25, 2023 | 8:01 pm
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Starbucks has seen significant bullish options activity, with big-money traders targeting a price range from $95.0 to $115.0 over the last 3 months. The current price of SBUX is up 0.45% at $103.24. Analysts have maintained their ratings on Starbucks with varying price targets.
The unusual options activity indicates that big-money traders are bullish on Starbucks, which could potentially drive the stock price up in the short term. The maintained ratings from analysts also suggest a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100