Check Out What Whales Are Doing With Procter & Gamble
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Procter & Gamble (NYSE:PG) 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 whales have been targeting a price range from $130.0 to $160.0 for Procter & Gamble over the last 3 months. Barclays, Deutsche Bank, and B of A Securities have maintained their positive ratings on Procter & Gamble, with price targets of $166, $173, and $175 respectively, while Morgan Stanley has downgraded its action to Overweight with a price target of $174.
August 22, 2023 | 2:46 pm
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POSITIVE IMPACT
Unusual options activity indicates a significant bullish stance on Procter & Gamble. The sentiment among big-money traders is split, with 63% bullish and 36% bearish. Several major banks have maintained or upgraded their positive ratings on the company.
The unusual options activity, with a significant bullish stance, indicates that large investors or institutions are expecting Procter & Gamble's stock to rise. This, combined with the positive ratings from several major banks, suggests a positive short-term impact on the company's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100