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), with a majority of investors taking a bearish stance. Of the 16 strange trades detected, 62% were bearish and 37% bullish. The total amount for puts was $448,053 and for calls, $315,293. Whales have been targeting a price range from $135.0 to $175.0 for Johnson & Johnson over the last 3 months. The current price of JNJ is up 0.58% at $158.55. Cantor Fitzgerald and RBC Capital have downgraded their actions with price targets of $215 and $178 respectively.
October 09, 2023 | 7:01 pm
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Johnson & Johnson has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of JNJ is up 0.58% at $158.55. Analysts have downgraded their actions with varying price targets.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the price of JNJ to decrease. This, coupled with the downgraded actions from analysts, could potentially lead to a decrease in the stock price in the short term.
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