A Closer Look at Procter & Gamble's Options Market Dynamics
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Procter & Gamble (NYSE:PG), with options activity indicating a divided mood: 33% bullish and 66% bearish. The trading suggests a price target range of $145.0 to $180.0 for PG over the next three months. The largest trades include both calls and puts, with significant amounts invested. Procter & Gamble, a leading consumer product manufacturer, is currently trading at $157.85, with an earnings announcement expected in 8 days. Analysts, including one from Deutsche Bank, maintain a Buy rating with a target price of $172.
April 11, 2024 | 5:46 pm
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NEUTRAL IMPACT
Procter & Gamble's options market shows a bearish trend despite some bullish activity. The stock is currently at $157.85, with an earnings announcement expected soon. Analysts have a positive outlook, with a target price of $172.
The mixed sentiment in the options market, combined with the upcoming earnings announcement and the analyst's positive rating, suggests a neutral short-term impact. The bearish sentiment among options traders is balanced by the bullish outlook from analysts and the company's strong historical performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100