This Is What Whales Are Betting On Johnson & Johnson
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor, as indicated by a large position in options. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $175.0 to $230.0 for Johnson & Johnson over the last 3 months. The current price of JNJ is $173.6, up 0.09%. Several financial institutions have maintained or downgraded their ratings on JNJ, with price targets ranging from $170 to $215.
August 15, 2023 | 6:46 pm
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A large investor has taken a bearish stance on Johnson & Johnson, with a significant position in options. The sentiment among big-money traders is split, with 40% bullish and 60% bearish. The current price of JNJ is $173.6, up 0.09%.
The bearish stance taken by a large investor, as indicated by a significant position in options, suggests a potential downward movement in the price of JNJ. The sentiment among big-money traders is more bearish than bullish, which could further drive the price down. However, the current price of JNJ is slightly up, and several financial institutions have maintained or downgraded their ratings on JNJ, with price targets that are mostly above the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100