This Is What Whales Are Betting On Nike
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Nike (NYSE:NKE), as observed in the publicly available options history. The sentiment among these big-money traders is split between 45% bullish and 54% bearish. The whales have been targeting a price range from $97.5 to $175.0 for Nike over the last 3 months. Stifel has maintained their Buy rating on Nike, with a price target of $135.
August 31, 2023 | 5:48 pm
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A large bearish position has been taken on Nike, indicating potential downward pressure on the stock. However, Stifel maintains a Buy rating with a price target of $135.
The large bearish position taken on Nike indicates that some investors expect the stock price to decrease. This could put downward pressure on the stock. However, Stifel's maintained Buy rating suggests they believe the stock is undervalued at its current price, which could counteract some of this pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100