What the Options Market Tells Us About Nike
Portfolio Pulse from Benzinga Insights
Financial analysis of Nike's (NYSE:NKE) options market reveals a bullish sentiment among investors, with 54% of trades being bullish. Significant trading activity suggests a target price range of $80.0 to $145.0 for the next three months. Recent trading volume and RSI indicators show Nike's stock is currently neutral, with an earnings announcement expected in 8 days. Market experts have issued positive ratings, with a consensus target price of $118.5.
March 13, 2024 | 3:31 pm
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Nike's options market analysis shows a bullish sentiment, with a significant price target range for the next three months. Positive analyst ratings and an upcoming earnings announcement could influence stock price.
The bullish sentiment in the options market, combined with positive analyst ratings and an upcoming earnings announcement, suggests a potential increase in Nike's stock price in the short term. The significant trading activity and the consensus target price of $118.5 by market experts further support this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100