Check Out What Whales Are Doing With KHC
Portfolio Pulse from Benzinga Insights
Options trading analysis for Kraft Heinz (NASDAQ:KHC) shows a bullish sentiment with 60% of traders favoring calls over puts. The focus is on a price target range of $35.0 to $37.5. The largest trades indicate a bearish sentiment on calls and bullish on puts, all with a strike price of $35.00 and expiration on 06/21/24. Kraft Heinz's current stock price is $35.79, with a slight increase of 0.11%, and an RSI suggesting it may be approaching overbought territory. An analyst from Evercore ISI Group has upgraded the stock to Outperform with a price target of $42. Earnings are expected in 55 days.

December 21, 2023 | 7:45 pm
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POSITIVE IMPACT
Kraft Heinz shows bullish options activity and an analyst upgrade to Outperform with a $42 price target. Current price is $35.79, with potential overbought signals.
The bullish options activity, combined with the analyst upgrade to Outperform and a new price target of $42, suggests a positive short-term outlook for KHC. However, the RSI approaching overbought territory could temper the upside potential in the short term.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100