Check Out What Whales Are Doing With JNJ
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Johnson & Johnson (NYSE:JNJ), with 61% of recent trades being bearish and 38% bullish. The total amount for put options is $496,236 and for call options is $354,520. Whales have been targeting a price range from $140.0 to $185.0 for JNJ over the last 3 months. The current price of JNJ is $152.7. RBC Capital, Barclays, and Cantor Fitzgerald have given price targets of $178, $162, and $215 respectively.
October 19, 2023 | 6:01 pm
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NEGATIVE IMPACT
Bearish stance by a significant investor could potentially impact Johnson & Johnson's stock negatively in the short term. Price targets by RBC Capital, Barclays, and Cantor Fitzgerald are $178, $162, and $215 respectively.
The bearish stance by a significant investor indicates a lack of confidence in the stock, which could lead to a sell-off, potentially driving the price down. The price targets given by the analysts indicate their expectations for the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100