Nike Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown significant bullish interest in Nike (NYSE:NKE) through unusual options activity. Analysis reveals 22 unusual trades with a mix of bullish and bearish sentiments. The price range focus is between $80.0 and $115.0. Nike's stock is currently priced at $92.31, up 0.34%, with RSI indicators suggesting it may be approaching overbought territory. Analysts have a consensus target price of $115.0, with Wedbush recently downgrading its rating to Outperform.
May 29, 2024 | 6:15 pm
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Nike has experienced significant unusual options activity, with a mix of bullish and bearish trades. The stock is currently priced at $92.31, up 0.34%, and analysts have a consensus target price of $115.0. RSI indicators suggest the stock may be approaching overbought territory.
The significant bullish options activity and the current upward price movement suggest a positive short-term impact on Nike's stock. The consensus target price of $115.0 and the RSI indicators hinting at overbought conditions further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100