What the Options Market Tells Us About Starbucks
Portfolio Pulse from Benzinga Insights
The options market shows a bearish sentiment towards Starbucks (NASDAQ:SBUX), with 75% of trades being bearish. Significant investors are targeting a price range of $73.0 to $165.0. The stock is currently up 1.81% at $81.09, with mixed analyst ratings and an upcoming earnings report in 43 days.
June 17, 2024 | 3:15 pm
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The options market reveals a bearish sentiment towards Starbucks, with 75% of trades being bearish. The stock is currently up 1.81% at $81.09. Analysts have mixed ratings, with a Buy rating from B of A Securities and a Hold rating from TD Cowen. Earnings are expected in 43 days.
The significant bearish sentiment in the options market suggests that investors are expecting a decline in Starbucks' stock price. Despite the current price increase, the mixed analyst ratings and upcoming earnings report add uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100