Nike Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish approach towards Nike (NYSE:NKE), with significant options activity observed. Benzinga's options scanner highlighted 17 extraordinary options activities for Nike, with 47% leaning bullish and 52% bearish. The investors have been targeting a price range from $87.5 to $125.0 for Nike over the last 3 months. The trading volume stands at 2,830,378, with NKE's price down by -1.09%, positioned at $108.2. An analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $124.
November 09, 2023 | 5:03 pm
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Nike has seen significant options activity with a bearish approach. The stock price is down by -1.09%, positioned at $108.2. An analyst from Evercore ISI Group lowers its rating to Outperform with a new price target of $124.
The bearish approach by deep-pocketed investors towards Nike, as indicated by the significant options activity, suggests a potential downward pressure on the stock price in the short term. The lowered rating by Evercore ISI Group also indicates a cautious outlook for the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100