Johnson & Johnson Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Johnson & Johnson (NYSE:JNJ), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $135.0 to $180.0 for Johnson & Johnson over the last 3 months. RBC Capital and Cantor Fitzgerald have downgraded their actions on JNJ, with price targets of $178 and $215 respectively.
October 10, 2023 | 8:00 pm
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Johnson & Johnson has seen unusual options activity, with a large investor taking a bearish stance. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. RBC Capital and Cantor Fitzgerald have downgraded their actions on JNJ.
The unusual options activity and the bearish stance taken by a large investor indicate a potential negative impact on Johnson & Johnson's stock. The sentiment among big-money traders being more bearish than bullish also suggests a potential downward pressure on the stock price. Additionally, the downgrades by RBC Capital and Cantor Fitzgerald could negatively affect investor sentiment.
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