What the Options Market Tells Us About PepsiCo
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner revealed significant activity in PepsiCo (NASDAQ:PEP) options, with a mix of bullish and bearish sentiments among big-money traders. The observed options trades suggest a target price range of $170.0 to $175.0 for PEP. The company, a global leader in snacks and beverages, is currently trading at $167.74, with a neutral RSI and an anticipated earnings release in 63 days. Analyst ratings in the last month have been generally optimistic, with an average target price of $188.25.
February 20, 2024 | 4:30 pm
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Significant options trading activity observed for PepsiCo, with a balanced mix of bullish and bearish sentiments. Analysts have recently provided optimistic ratings, with an average target price of $188.25.
The significant options activity, particularly the bullish trades, alongside optimistic analyst ratings, suggests a positive short-term outlook for PEP. The mix of sentiments in options trading indicates high interest and potential volatility, but the overall analyst optimism and the company's strong market position could drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100