Kenvue Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Kenvue (NYSE:KVUE), with a bearish stance being taken by a whale investor. Of the 35 strange trades detected, 45% were bullish and 54% were bearish. The total amount for puts was $1,531,398 and for calls was $775,940. Whales have been targeting a price range from $15.0 to $40.0 for Kenvue over the last 3 months.
August 04, 2023 | 12:03 pm
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Unusual options activity has been detected for Kenvue, with a bearish stance being taken by a whale investor. This could potentially impact the stock's price in the short term.
The unusual options activity, particularly the bearish stance taken by a whale investor, could potentially lead to a decrease in Kenvue's stock price in the short term. This is due to the fact that such large-scale bearish activity often signals a lack of confidence in the stock's future performance.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100