This Is What Whales Are Betting On PepsiCo
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on PepsiCo (NASDAQ:PEP) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 63% bullish and 36% bearish. The targeted price range for PepsiCo over the last three months has been between $135.0 and $195.0. The current price of PEP is down -0.26% at $177.99, and RSI indicators suggest the stock may be oversold.
August 18, 2023 | 5:15 pm
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Unusual options activity indicates a significant bullish stance on PepsiCo. The targeted price range is between $135.0 and $195.0, suggesting potential upward movement.
The unusual options activity, with a majority being bullish, suggests that large investors or institutions are expecting PepsiCo's stock price to rise. The targeted price range also indicates a potential upward movement. However, the current price is down and RSI indicators suggest the stock may be oversold, which could lead to a price correction in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100