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 61% of the spotted trades being bearish and 38% bullish. The total amount for puts is $600,824 and for calls is $168,228. Whales have been targeting a price range from $90.0 to $107.0 for Nike over the last 3 months. The current price of NKE is down -0.66% at $104.36. Next earnings are expected in 41 days.
August 18, 2023 | 4:16 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
A whale investor has taken a bearish stance on Nike, with majority of the trades being bearish. This could potentially impact the stock price negatively in the short term.
The bearish stance taken by a whale investor, who typically has significant influence on the market, indicates a lack of confidence in the stock. This could lead to a sell-off, driving the stock price down. The fact that the majority of the trades are bearish further supports this potential outcome.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100