Spotlight on Starbucks: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Whales have shown a bullish stance on Starbucks (NASDAQ:SBUX) with significant options activity. 50% of trades were bullish, 40% bearish, with a price window of $50 to $80. Analysts have mixed ratings, with price targets ranging from $77 to $98.
July 26, 2024 | 7:16 pm
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Significant options activity on Starbucks indicates a bullish sentiment among whales. Analysts have mixed ratings with price targets ranging from $77 to $98. The stock is currently trading at $74.14 with an upcoming earnings release in 4 days.
The significant bullish options activity suggests positive sentiment among large investors. Mixed analyst ratings with a generally positive outlook and an upcoming earnings release could drive short-term price increases.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100