Check Out What Whales Are Doing With NKE
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Nike (NYSE:NKE), with 70% of the spotted trades being bearish and 30% bullish. The total amount for puts is $1,592,088 and for calls is $73,960. The targeted price range for Nike over the last 3 months is from $65.0 to $120.0. The current price of NKE is down -0.86% at $108.09.
August 11, 2023 | 6:31 pm
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A whale investor has taken a bearish stance on Nike (NYSE:NKE), with 70% of the spotted trades being bearish. The targeted price range for Nike over the last 3 months is from $65.0 to $120.0. The current price of NKE is down -0.86% at $108.09.
The bearish stance taken by a whale investor, who typically has significant influence on the market, could potentially drive the price of Nike's stock down in the short term. The fact that 70% of the spotted trades are bearish further supports this prediction. The current price of NKE is already down -0.86% at $108.09, which is within the targeted price range of $65.0 to $120.0 over the last 3 months.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100