Kenvue Unusual Options Activity For September 01
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Kenvue (NYSE:KVUE) as evidenced by unusual options activity. The overall sentiment of these big-money traders is 91% bearish, with 11 puts amounting to $15,225,986 and 1 call of $57,135. Whales have been targeting a price range from $21.0 to $30.0 for Kenvue over the last 3 months. RBC Capital and Goldman Sachs have given price targets of $29, with the former downgrading its action to Outperform and the latter upgrading to Buy.
September 01, 2023 | 8:03 pm
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Kenvue has seen significant bearish options activity, with a price target range of $21-$30. RBC Capital has downgraded its action to Outperform with a price target of $29, while Goldman Sachs has upgraded to Buy with the same price target.
The unusual options activity, with a significant bearish sentiment, indicates that big-money traders expect the price of Kenvue to fall. This is further supported by the price target range of $21-$30. The analyst ratings from RBC Capital and Goldman Sachs, both setting a price target of $29, also suggest a potential decrease in the stock price.
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