Behind the Scenes of Starbucks's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Starbucks (NASDAQ:SBUX) has seen a mix of bullish and bearish options trading activity, with a slight lean towards bearish sentiment. Analysis of 17 unusual trades shows 47% bullish and 52% bearish tendencies. Significant trades include both puts and calls with strike prices ranging from $80 to $100. The current market price of SBUX is down -1.33% at $90.44, with an RSI indicating potential oversold conditions. An analyst from Citigroup maintains a Neutral rating with a price target of $102. Starbucks operates over 38,000 stores globally and is set to release its next earnings in 46 days.
March 15, 2024 | 6:00 pm
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Starbucks has experienced mixed options trading activity, with a slight bearish sentiment. The stock is currently down, but Citigroup maintains a Neutral rating with a $102 target. Earnings are expected in 46 days.
The mixed options trading activity indicates uncertainty among traders, with a slight bearish sentiment. However, the stock's current price decrease and the upcoming earnings report could influence short-term price movements. The analyst rating from Citigroup suggests a potential upside, but the overall market sentiment and the company's performance in the upcoming earnings will be crucial.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100