Nike Unusual Options Activity For September 06
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Nike (NYSE:NKE) by a whale investor. Out of 15 unusual trades, 66% were bearish and 33% bullish. The total amount for puts was $602,434 and for calls was $96,814. The targeted price range for Nike over the last 3 months was $75.0 to $145.0. The current price of NKE is down -0.77% at $99.55. Stifel maintains a Buy rating on Nike with a price target of $135.
September 06, 2023 | 5:17 pm
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A whale investor has taken a significant bearish stance on Nike. The majority of unusual trades were bearish, and the current price of NKE is down -0.77% at $99.55. Stifel maintains a Buy rating on Nike with a price target of $135.
The bearish stance taken by a whale investor, along with the majority of unusual trades being bearish, indicates a potential short-term downward pressure on Nike's stock price. However, Stifel's maintained Buy rating and price target of $135 suggests a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100