What the Options Market Tells Us About PepsiCo
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards PepsiCo (NASDAQ:PEP), as revealed by Benzinga's options scanner. The majority of options activities are bearish, with significant trades in puts and calls. The price range targeted is between $165.0 to $175.0. PepsiCo's stock is currently down 0.1% at $172.72, with RSI indicators hinting at an oversold condition. The next earnings report is expected in 38 days, and an analyst from Jefferies maintains a Buy rating with a target price of $211.
June 03, 2024 | 7:16 pm
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Deep-pocketed investors are showing a bearish sentiment towards PepsiCo (PEP) with significant options activity. The stock is currently down 0.1% at $172.72, and RSI indicators suggest it may be oversold. The next earnings report is expected in 38 days, and Jefferies maintains a Buy rating with a target price of $211.
The significant bearish options activity suggests that investors are expecting a decline in PepsiCo's stock price. The current price is down slightly, and RSI indicators hint at an oversold condition, which could lead to further downward pressure. The upcoming earnings report in 38 days could be a critical factor in determining the stock's direction.
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