Looking At TJX Companies's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity in TJX Companies (NYSE:TJX) indicates a predominantly bearish sentiment among big-money traders, with a notable split of 22% bullish and 77% bearish. The activity includes 9 uncommon trades, with 6 puts totaling $190,350 and 3 calls totaling $159,940, targeting a price range of $85.0 to $100.0. Current stock performance shows a -3.91% decrease to $94.51, with an upcoming earnings report in 12 days. An analyst from Redburn Atlantic has downgraded TJX to Neutral with a $100 price target.
February 09, 2024 | 7:15 pm
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Unusual options activity in TJX Companies shows a bearish sentiment among investors, with a significant volume of puts. The stock is currently down -3.91% at $94.51, with an analyst downgrade to Neutral and a price target of $100.
The bearish sentiment indicated by the unusual options activity, combined with the recent stock price decline and the analyst downgrade, suggests a negative short-term impact on TJX's stock price. The upcoming earnings report could further influence the stock's direction.
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IMPORTANCE 90
RELEVANCE 100