PepsiCo Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Financial giants have shown a bullish interest in PepsiCo (NASDAQ:PEP) through unusual options activity. Analysis reveals 63% of traders are bullish, with significant trades in calls and puts. The stock is currently trading at $164.78, down by -0.68%, and is potentially oversold. Analysts have set a target price of $211.0.
June 11, 2024 | 5:46 pm
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PepsiCo has seen unusual options activity with a bullish sentiment from 63% of traders. The stock is currently trading at $164.78, down by -0.68%, and is potentially oversold. Analysts have set a target price of $211.0.
The significant bullish options activity and the analyst's target price of $211.0 suggest a positive short-term outlook for PepsiCo. The current oversold condition indicated by RSI values further supports potential upward movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100