Coca-Cola Unusual Options Activity For October 16
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Coca-Cola (NYSE:KO), with a bearish stance taken by a large investor. The overall sentiment among big-money traders is split between 47% bullish and 52% bearish. The price target for Coca-Cola, based on volume and open interest, is between $48.0 to $57.5. Barclays, Citigroup, and JP Morgan have maintained their positive ratings on Coca-Cola, with price targets of $59 and $65.
October 16, 2023 | 5:00 pm
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Coca-Cola has seen unusual options activity, with a large investor taking a bearish stance. The sentiment among big-money traders is split, with a slight lean towards bearish. Analysts from Barclays, Citigroup, and JP Morgan have maintained their positive ratings.
The unusual options activity, particularly the bearish stance taken by a large investor, could potentially impact Coca-Cola's stock price in the short term. However, the positive ratings maintained by analysts from Barclays, Citigroup, and JP Morgan could counteract this bearish sentiment.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100