Looking At Kenvue's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Kenvue (NYSE:KVUE) has seen unusual options activity, with a significant number of bearish trades. Whales have been targeting a price range from $19.0 to $22.5 for Kenvue over the last 3 months. The current price of KVUE is $18.9, up 0.11%. JP Morgan and Goldman Sachs have maintained their Overweight and Buy ratings on Kenvue, respectively, with a price target of $26.
November 02, 2023 | 6:03 pm
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NEUTRAL IMPACT
Kenvue has seen unusual options activity, with a bearish stance. The current price is $18.9, with a target price range of $19.0 to $22.5. JP Morgan and Goldman Sachs have maintained positive ratings with a $26 target.
The unusual options activity, particularly the bearish trades, could indicate investor uncertainty about Kenvue's short-term price movement. However, the positive ratings from JP Morgan and Goldman Sachs, along with a target price significantly higher than the current price, suggest a positive long-term outlook. This creates a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100