Check Out What Whales Are Doing With PEP
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on PepsiCo (NASDAQ:PEP) by a large investor or institution, as indicated by a large position in options. The sentiment among these big-money traders is split, with 45% bullish and 54% bearish. The whales have been targeting a price range from $140.0 to $180.0 for PepsiCo over the last 3 months. Barclays maintains an Overweight rating on PepsiCo with a price target of $179.
October 06, 2023 | 2:31 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on PepsiCo, which may impact the stock's performance in the short term. Barclays maintains an Overweight rating on the company.
The bearish stance taken by a large investor or institution, as indicated by a significant options position, suggests that there may be negative sentiment towards PepsiCo. This could potentially lead to downward pressure on the stock in the short term. However, Barclays' maintained Overweight rating indicates a positive outlook for the company.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100