Looking At PepsiCo's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for PepsiCo (NASDAQ:PEP), with a large bullish position appearing on publicly available options history. Benzinga's options scanner spotted 11 options trades for PepsiCo, with 81% bullish sentiment and 18% bearish. The price range targeted by these 'whales' over the last 3 months is from $130.0 to $195.0. The price of PEP is currently up 0.22% at $191.78. Several financial institutions have maintained their positive ratings on PepsiCo, with price targets ranging from $195 to $212.
July 26, 2023 | 5:31 pm
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POSITIVE IMPACT
Unusual bullish options activity has been observed for PepsiCo, indicating potential positive movement in the short term. Several financial institutions have maintained their positive ratings on the company.
The large bullish options activity indicates that big-money traders are expecting the price of PepsiCo to increase. This, combined with the positive ratings from several financial institutions, suggests potential upside for the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100