Looking At General Mills's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant number of bullish trades have been observed in General Mills's (NYSE:GIS) options, with 78% of investors opening trades with bullish expectations. The majority of the trades are calls, amounting to $1,708,231, while puts total $70,000. Whales have been targeting a price range from $55.0 to $70.0 for General Mills over the last 3 months. The current price of GIS is $65.89, down by 0.31%. Analysts from Wells Fargo, Piper Sandler, Deutsche Bank, JP Morgan, and TD Cowen have maintained their ratings on General Mills, with price targets ranging from $70 to $77.
September 19, 2023 | 7:16 pm
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POSITIVE IMPACT
General Mills has seen a significant number of bullish trades in its options, indicating investor confidence. The current price is down slightly, but analyst ratings remain positive.
The high volume of bullish trades in General Mills's options indicates a positive outlook among investors. Despite a slight decrease in the current price, the positive ratings from analysts suggest a potential increase in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100