Looking At Stryker's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Stryker (NYSE:SYK) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is 94% bearish. The whales have been targeting a price range from $200.0 to $290.0 for Stryker over the last 3 months. Truist Securities and RBC Capital have maintained their Hold and Outperform ratings on Stryker, respectively, with price targets of $310 and $325.
July 31, 2023 | 5:46 pm
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Unusual options activity indicates a significant bearish stance on Stryker. Despite this, Truist Securities and RBC Capital have maintained their Hold and Outperform ratings, respectively.
The bearish options activity indicates that large investors are expecting a decrease in Stryker's stock price. However, the maintained ratings from Truist Securities and RBC Capital suggest that they believe the company's fundamentals remain strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100