Market Whales and Their Recent Bets on PEP Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bullish approach towards PepsiCo (NASDAQ:PEP), with significant options activity detected. The trading activity suggests that these investors are aiming for a price territory of $140.0 to $180.0 for PepsiCo over the next three months. The current price of PEP is $167.38. Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $183.2.
November 09, 2023 | 8:17 pm
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Significant options activity detected for PepsiCo, indicating a bullish approach by deep-pocketed investors. The trading activity suggests a price target of $140.0 to $180.0 over the next three months. The current price of PEP is $167.38.
The bullish approach by deep-pocketed investors, as indicated by the significant options activity, suggests a positive outlook for PepsiCo. This, coupled with the analysts' average target price of $183.2, indicates a potential upward movement in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100