Looking At Coca-Cola's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Coca-Cola (NYSE:KO) as indicated by unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $55.0 to $59.0 for Coca-Cola over the last 3 months. The price of KO is currently down -0.34% at $55.59. Major financial institutions have maintained their positive ratings on Coca-Cola, with price targets ranging from $59 to $65.
October 27, 2023 | 3:32 pm
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Unusual options activity indicates a bearish stance on Coca-Cola. The sentiment among big-money traders is split, with a slight lean towards bearish. Major financial institutions have maintained their positive ratings on Coca-Cola, with price targets ranging from $59 to $65.
The unusual options activity, with a bearish lean, indicates that some investors are expecting Coca-Cola's stock price to decrease. However, major financial institutions have maintained their positive ratings on the company, which could potentially counteract some of the bearish sentiment. The price targets set by these institutions are higher than the current stock price, indicating their expectation for the stock's growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100