Check Out What Whales Are Doing With JNJ
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Johnson & Johnson (NYSE:JNJ) by a large investor or institution, as evidenced by unusual options trades. The sentiment among these big-money traders is 100% bearish. The targeted price range for JNJ over the last 3 months has been $155.0 to $210.0. Analysts from Cantor Fitzgerald and Morgan Stanley have given JNJ an Overweight and Equal-Weight rating respectively, with price targets of $215 and $172.
September 05, 2023 | 8:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
A large investor has taken a bearish stance on Johnson & Johnson, with unusual options trades indicating a targeted price range of $155.0 to $210.0. Analyst ratings are mixed, with price targets from $172 to $215.
The bearish stance taken by a large investor or institution, as evidenced by unusual options trades, indicates a potential downward pressure on JNJ's stock price in the short term. This is further supported by the 100% bearish sentiment among these big-money traders. However, the mixed analyst ratings and price targets suggest some uncertainty in the market.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100