Looking At Stryker's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Stryker (NYSE:SYK) as evidenced by unusual options activity. The overall sentiment of these big-money traders is split between 36% bullish and 63% bearish. The price of SYK is down -3.46% at $264.1. B of A Securities upgraded its action to Buy with a price target of $315.
September 27, 2023 | 5:46 pm
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Stryker (NYSE:SYK) has seen unusual options activity indicating a bearish stance. The stock price is down -3.46% at $264.1. B of A Securities upgraded its action to Buy with a price target of $315.
The unusual options activity indicates that big-money traders are taking a bearish stance on Stryker, which could potentially drive the stock price down in the short term. However, B of A Securities has upgraded its action to Buy with a price target of $315, which could potentially have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100