Looking At KKR & Co's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
KKR & Co (NYSE:KKR) has seen unusual options activity, with a significant bullish sentiment among high-rolling investors, as reported by Benzinga. The activity includes 9 options trades, predominantly calls, indicating a bullish outlook with price targets ranging from $80 to $105. KKR, a major asset manager with $518.5 billion in AUM, has its stock currently trading at $94.73. Analyst ratings in the last month have varied, with an average target price of $96.5, suggesting a cautiously optimistic view of the stock's future performance.
February 08, 2024 | 7:31 pm
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KKR & Co has experienced unusual options activity indicating a bullish sentiment among investors, with price targets between $80 and $105. The stock is currently at $94.73, with analyst ratings suggesting a slight upside.
The unusual options activity, particularly the bullish sentiment and the high volume of calls, suggests that investors are optimistic about KKR's future performance. This optimism, combined with the current analyst ratings and the company's strong position in asset management, could lead to a short-term increase in KKR's stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100