Starbucks's Options: A Look at What the Big Money is Thinking
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have adopted a bearish approach towards Starbucks (NASDAQ:SBUX), as revealed by Benzinga's options scanner. The scanner highlighted 12 extraordinary options activities, with 58% of the sentiment being bearish. The price range targeted by these investors is between $65.0 and $77.0. Currently, SBUX is trading at $74.68, down by -0.56%. Analysts have mixed ratings with a consensus target price of $85.0.
July 18, 2024 | 2:48 pm
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NEGATIVE IMPACT
Deep-pocketed investors have shown a bearish sentiment towards Starbucks, with 58% of options activity being negative. The stock is currently trading at $74.68, down by -0.56%. Analysts have mixed ratings with a consensus target price of $85.0.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential short-term decline in SBUX's stock price. The mixed analyst ratings and the current price drop further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100