Johnson & Johnson's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Whales have taken a bearish stance on Johnson & Johnson (JNJ) with 55% of recent options trades being bearish. The major market movers are focusing on a price band between $120.0 and $160.0. JNJ's stock is currently neutral with a slight increase of 0.27% at $149.15. Analysts have mixed ratings with an average target price of $188.33.
June 24, 2024 | 6:01 pm
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Whales have taken a bearish stance on Johnson & Johnson (JNJ) with 55% of recent options trades being bearish. The major market movers are focusing on a price band between $120.0 and $160.0. JNJ's stock is currently neutral with a slight increase of 0.27% at $149.15. Analysts have mixed ratings with an average target price of $188.33.
The majority of recent options trades on JNJ are bearish, indicating a negative sentiment among large investors. This could lead to downward pressure on the stock price in the short term. However, the stock is currently neutral, and analysts have mixed ratings with an average target price significantly higher than the current price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100