Check Out What Whales Are Doing With JNJ
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor or institution, as indicated by unusual options trading activity. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $135.0 to $210.0 for Johnson & Johnson over the last 3 months. The current price of JNJ is down -0.8% at $164.7. Analysts have mixed ratings on the stock, with price targets ranging from $170 to $215.
August 23, 2023 | 3:32 pm
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Unusual options activity indicates a significant bearish stance on Johnson & Johnson. The sentiment of big-money traders is 33% bullish and 66% bearish. The current price of JNJ is down -0.8% at $164.7.
The unusual options activity, with a significant bearish stance, indicates that large investors or institutions expect the price of JNJ to decrease. This could put downward pressure on the stock price in the short term. The current price of JNJ is already down -0.8% at $164.7, which aligns with this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100