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, as indicated by unusual options activity. The sentiment among these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $155.0 to $190.0 for PepsiCo over the last 3 months. Several financial institutions have maintained their ratings on PepsiCo, with price targets ranging from $170 to $195.
October 17, 2023 | 7:15 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on PepsiCo, with unusual options activity indicating a potential price range of $155.0 to $190.0. Several financial institutions have maintained their ratings on PepsiCo, with price targets ranging from $170 to $195.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests that there may be a potential downside for PepsiCo's stock in the short term. This is further supported by the fact that the sentiment among big-money traders is more bearish than bullish. However, the maintained ratings and price targets by several financial institutions suggest that the long-term outlook for PepsiCo may still be positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100