Check Out What Whales Are Doing With PEP
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PepsiCo (NASDAQ:PEP) by a large investor or institution, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $145.0 to $190.0 for PepsiCo over the last 3 months. The price of PEP is currently down -1.78% at $174.75.
September 01, 2023 | 5:33 pm
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A large investor has taken a bearish stance on PepsiCo, indicating potential downward pressure on the stock.
The bearish stance taken by a large investor or institution, as indicated by unusual options activity, suggests that they expect the price of PepsiCo to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100