Kenvue Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Kenvue (NYSE:KVUE) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 48% bullish and 52% bearish. The whales have been targeting a price range from $22.5 to $30.0 for Kenvue over the last 3 months. The price of KVUE is currently up 2.42% at $23.45.
August 22, 2023 | 2:31 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Kenvue. The overall sentiment of big-money traders is slightly more bearish than bullish.
The unusual options activity, with a significant amount of money being put into bearish positions, indicates that a large investor is expecting the price of Kenvue to decrease. This could potentially lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100