Looking At PepsiCo's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PepsiCo (NASDAQ:PEP) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The targeted price range for PepsiCo over the last 3 months has been $165.0 to $190.0. The current price of PEP is down -1.16% at $170.52.
September 27, 2023 | 5:31 pm
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Unusual options activity indicates a significant bearish stance on PepsiCo. The sentiment among big-money traders is 70% bearish.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential downward movement in PepsiCo's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100