Johnson & Johnson Unusual Options Activity For July 29
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on Johnson & Johnson (NYSE: JNJ) with 70% of options trades showing bearish tendencies. Significant options trades include both puts and calls, with a price target range of $135.0 to $170.0. The stock is currently down 1.64% at $158.0, and analysts have mixed ratings with price targets ranging from $150 to $215.

July 29, 2024 | 8:45 pm
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Johnson & Johnson (NYSE: JNJ) has seen significant bearish options activity, with 70% of trades showing bearish tendencies. The stock is currently down 1.64% at $158.0. Analysts have mixed ratings with price targets ranging from $150 to $215.
The significant bearish options activity, combined with the stock's current decline and mixed analyst ratings, suggests a likely short-term downward pressure on JNJ's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100