Smart Money Is Betting Big In NKE Options
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a significant bearish sentiment in Nike (NYSE:NKE) options trading, with 62% of trades showing bearish tendencies. The trading activity focuses on a price range between $75.0 and $120.0. Notably, professional analysts have issued ratings for Nike, with a consensus target price of $112.6, suggesting a positive outlook on the stock despite the bearish options sentiment. Nike's current market performance shows a slight increase in stock price to $94.06, with an upcoming earnings announcement in 94 days.
March 25, 2024 | 4:07 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Bearish options trading sentiment contrasts with positive analyst ratings and a slight increase in stock price. Analyst consensus targets $112.6, indicating potential growth.
The bearish sentiment in options trading is counterbalanced by positive analyst ratings and a consensus target price significantly higher than the current stock price. This suggests that while options traders are preparing for potential short-term declines, the overall market sentiment among professional analysts remains bullish, indicating potential for stock price growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100