Unpacking the Latest Options Trading Trends in Johnson & Johnson
Portfolio Pulse from Benzinga Insights
Financial analysis reveals a bearish trend in options trading for Johnson & Johnson (JNJ), with 55% of trades showing bearish tendencies. Significant options trades include both puts and calls, with a price target window from $105.0 to $150.0. The company, a leading healthcare firm, is undergoing a divestiture of its consumer group under the name Kenvue. Analysts have varying opinions on JNJ, with target prices ranging from $167 to $215. The current trading volume is 1,686,302, with a slight price increase to $144.91.
April 18, 2024 | 2:32 pm
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NEUTRAL IMPACT
Bearish options trend and analyst target prices suggest mixed short-term outlook for JNJ. Divestiture of consumer group and current slight price increase indicate potential volatility.
The bearish options trend indicates market skepticism, while the range of analyst target prices suggests underlying value not yet reflected in the current price. The divestiture of the consumer group could lead to short-term volatility as the market adjusts. The slight price increase today shows some positive sentiment, but the overall mixed signals make the short-term outlook uncertain.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100