Looking At Starbucks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Starbucks (NASDAQ:SBUX) has been observed in recent unusual options activity. The overall sentiment of these big-money traders is split between 60% bullish and 39% bearish. Whales have been targeting a price range from $75.0 to $115.0 for Starbucks over the last 3 months. Barclays, Citigroup, Deutsche Bank, UBS, and Morgan Stanley have maintained their ratings on Starbucks with price targets ranging from $100 to $118.
October 30, 2023 | 8:45 pm
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Starbucks has seen unusual options activity with a significant bullish stance. The sentiment of big-money traders is split 60% bullish and 39% bearish. Analysts have maintained their ratings with price targets ranging from $100 to $118.
The unusual options activity indicates that there is a significant interest in Starbucks' stock, which could potentially drive the price up. The bullish sentiment among big-money traders further supports this. The maintained ratings and price targets by analysts suggest a positive outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100