This Is What Whales Are Betting On Starbucks
Portfolio Pulse from Benzinga Insights
A 'whale' investor has taken a bullish stance on Starbucks (NASDAQ:SBUX), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $364,116 and for calls is $165,597. Whales have been targeting a price range from $75.0 to $115.0 for Starbucks over the last 3 months. The price of SBUX is up 1.44% at $98.44. Stephens & Co., Stifel, Barclays, Wedbush, and TD Cowen have all given their ratings and price targets for Starbucks.
August 29, 2023 | 3:31 pm
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Starbucks has seen a mix of bullish and bearish trades, with a whale investor taking a bullish stance. The stock price is up 1.44% at $98.44, with a targeted price range of $75-$115.
The news of a whale investor taking a bullish stance on Starbucks, along with the mix of bullish and bearish trades, indicates a potential positive short-term impact on the stock. The current increase in the stock price and the targeted price range further support this.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100