Johnson & Johnson Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish sentiment towards Johnson & Johnson (NYSE:JNJ) based on options trading data from Benzinga. The data reveals a mix of bullish and bearish positions, with a notable lean towards bearishness (55%). Options activity suggests a targeted price range for JNJ between $145.0 and $170.0. The company, a leading healthcare firm, is currently seeing its stock price slightly up at $156.77. Analyst ratings in the last month have set an average target price of $199.0, with varying opinions on the stock's future performance.
February 20, 2024 | 6:45 pm
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Johnson & Johnson has seen a bearish sentiment from options traders, with a price target range identified between $145 and $170. Despite this, analysts have set a higher average target price of $199.0.
The bearish sentiment from options traders suggests caution, but the higher target price from analysts indicates underlying confidence in JNJ's fundamentals. The mixed signals could lead to short-term volatility, but the overall analyst optimism suggests potential for upward movement.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100