Johnson & Johnson Unusual Options Activity For July 28
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Johnson & Johnson (NYSE:JNJ) as indicated by unusual options activity. The options scanner at Benzinga spotted 17 uncommon options trades for Johnson & Johnson, with a split sentiment of 52% bullish and 47% bearish among big-money traders. The whales have been targeting a price range from $140.0 to $210.0 for Johnson & Johnson over the last 3 months. The current price of JNJ is up 0.36% at $174.32. Barclays, Raymond James, JP Morgan, and Morgan Stanley have maintained their ratings on Johnson & Johnson with price targets ranging from $175 to $187.
July 28, 2023 | 3:02 pm
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Unusual options activity indicates a bullish stance on Johnson & Johnson. The current price of JNJ is up 0.36% at $174.32. Analysts have maintained their ratings with price targets ranging from $175 to $187.
The unusual options activity, which is typically a sign of significant investor interest, combined with the maintained ratings from analysts, suggests a positive short-term impact on Johnson & Johnson's stock. The current price increase also supports this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100