This Is What Whales Are Betting On Coca-Cola
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Coca-Cola (NYSE:KO), with 69% of the spotted trades being bearish. The trades include 3 puts amounting to $113,970 and 10 calls amounting to $401,265. The targeted price range for Coca-Cola over the last 3 months is from $45.0 to $65.0. The current price of KO is up 0.13% at $58.38, with RSI indicators suggesting it may be approaching oversold.
September 19, 2023 | 7:00 pm
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A whale investor has taken a bearish stance on Coca-Cola, indicating potential downward pressure on the stock in the short term.
The bearish stance taken by a whale investor, who has significant influence due to the size of their trades, could lead to downward pressure on Coca-Cola's stock. This is further supported by the fact that 69% of the spotted trades are bearish. Additionally, the RSI indicators suggest that the stock may be approaching oversold, which could further contribute to a potential decline in the stock's price.
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IMPORTANCE 80
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