Looking At Procter & Gamble's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Procter & Gamble (NYSE:PG), with a large position indicating a bullish stance. The options scanner at Benzinga spotted 11 uncommon trades, with 63% bullish and 36% bearish sentiment. The whales have been targeting a price range from $150.0 to $160.0 for Procter & Gamble over the last 3 months. Deutsche Bank, Morgan Stanley, Citigroup, and RBC Capital have maintained their ratings and price targets for PG.
August 07, 2023 | 7:45 pm
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Procter & Gamble has seen unusual options activity, with a large position indicating a bullish stance. The company's stock price may be impacted by this activity.
The unusual options activity, particularly the large bullish position, indicates that some investors are expecting the stock price to rise. This could potentially lead to increased buying activity, pushing the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100