Looking At Johnson & Johnson's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Johnson & Johnson (NYSE:JNJ), indicating a bullish stance by a large investor or institution. The sentiment among these big-money traders is split 60% bullish and 40% bearish. The targeted price range for JNJ over the last 3 months has been $135.0 to $175.0. The current price of JNJ is down -1.45% at $156.72. Analysts from Barclays, Cantor Fitzgerald, Wells Fargo, and Morgan Stanley have maintained their ratings on JNJ, with price targets ranging from $158 to $215.
September 27, 2023 | 3:32 pm
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Johnson & Johnson has seen unusual options activity, with a bullish stance indicated. Analysts have maintained their ratings, with price targets ranging from $158 to $215.
The unusual options activity indicates that a large investor or institution is taking a bullish stance on JNJ, which could potentially drive the stock price up in the short term. The maintained ratings and price targets from analysts further support this bullish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100