Behind the Scenes of Walgreens Boots Alliance's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish position in Walgreens Boots Alliance (NASDAQ:WBA), with 100% of the identified options transactions being bearish. This includes 8 puts valued at $602,871 and a single call worth $35,420. The price range focus is between $17.5 and $22.5. The stock is currently trading at $15.91, down by -1.93%. An analyst from Morgan Stanley maintains an Underweight rating with a target price of $13.
June 03, 2024 | 3:31 pm
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NEGATIVE IMPACT
Investors have taken a bearish stance on Walgreens Boots Alliance, with 100% of the options transactions being bearish. The stock is currently trading at $15.91, down by -1.93%. An analyst from Morgan Stanley maintains an Underweight rating with a target price of $13.
The significant bearish options activity, combined with a downward price movement and a negative analyst rating, suggests a likely short-term decline in WBA's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100