Looking At Starbucks's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Starbucks (NASDAQ:SBUX), with a majority of investors taking a bearish stance. The big players have been eyeing a price window from $75.0 to $140.0 for Starbucks during the past quarter. Analysts have mixed ratings on Starbucks, with UBS, Wedbush, and Morgan Stanley maintaining neutral ratings, Deutsche Bank upgrading to Buy, and Barclays maintaining an Overweight rating.
November 07, 2023 | 5:00 pm
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Starbucks has seen unusual options activity, with majority investors bearish. Analysts have mixed ratings.
The unusual options activity, with a majority being bearish, indicates that investors are expecting the stock price to decrease. This, combined with the mixed analyst ratings, could lead to increased volatility and potential downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100