Looking At Johnson & Johnson's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $155.0 to $210.0 for Johnson & Johnson over the last 3 months. Barclays and Morgan Stanley have maintained their Equal-Weight rating on Johnson & Johnson, with price targets of $175 and $187 respectively, while Cantor Fitzgerald has downgraded its action to Overweight with a price target of $215.
August 09, 2023 | 7:46 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Johnson & Johnson. The sentiment among big-money traders is 70% bearish, which could potentially impact the stock price.
The unusual options activity and the bearish sentiment among big-money traders indicate that there is a potential for the stock price to go down. This is further supported by the fact that the whales have been targeting a price range from $155.0 to $210.0 for Johnson & Johnson over the last 3 months, which is below the current stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100