Unpacking the Latest Options Trading Trends in Coca-Cola
Portfolio Pulse from Benzinga Insights
Recent options trading trends indicate a bearish sentiment among high-value investors for Coca-Cola (NYSE:KO). Benzinga's options scanner identified 8 uncommon trades, with 62% being bearish. The projected price range for KO is between $60.0 and $66.0 over the next three months. Current trading volume is 9,366,215, with the stock price at $65.19. Analysts have mixed ratings, with an average target price of $71.33.
July 19, 2024 | 8:01 pm
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High-value investors are showing a bearish trend for Coca-Cola (NYSE:KO) with 62% of recent options trades being bearish. The projected price range for KO is between $60.0 and $66.0 over the next three months. Current trading volume is 9,366,215, with the stock price at $65.19. Analysts have mixed ratings, with an average target price of $71.33.
The significant bearish sentiment among high-value investors, as indicated by the options trading data, suggests a potential short-term decline in Coca-Cola's stock price. The projected price range of $60.0 to $66.0 is below the current price of $65.19, reinforcing the bearish outlook. Additionally, the RSI indicators suggest the stock may be approaching overbought territory, which could lead to a price correction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100