This Is What Whales Are Betting On Johnson & Johnson
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Johnson & Johnson (NYSE:JNJ), with 83% of recent trades indicating bearish expectations. The majority of these trades are puts, totaling $1,617,367, compared to $105,534 in calls. The targeted price range for JNJ over the last 3 months is $120.0 to $210.0. The current price of JNJ is down -1.26% at $161.67. Analysts from Morgan Stanley, Cantor Fitzgerald, Atlantic Equities, and Wells Fargo have maintained their ratings on JNJ, with price targets ranging from $170 to $215.
August 31, 2023 | 3:48 pm
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NEGATIVE IMPACT
Johnson & Johnson (NYSE:JNJ) has seen a significant number of bearish trades recently, with a targeted price range of $120.0 to $210.0. Analysts have maintained their ratings on JNJ, with price targets ranging from $170 to $215.
The bearish sentiment indicated by the majority of recent trades suggests that investors expect the price of JNJ to decrease. This, combined with the current price decrease of -1.26%, could lead to a short-term negative impact on the stock. However, the maintained ratings and price targets from analysts suggest a more positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100