Procter & Gamble Unusual Options Activity For August 02
Portfolio Pulse from Benzinga Insights
Procter & Gamble (NYSE: PG) has seen unusual options activity with a noticeable bearish stance from large investors. Out of 17 trades, 41% were bearish and 35% bullish. The trades indicate a targeted price range of $145.0 to $170.0. Current trading volume is 3,211,581 with the stock price at $166.41. Analysts have mixed ratings with an average target price of $173.6.
August 02, 2024 | 3:15 pm
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Procter & Gamble has experienced unusual options activity with a bearish tilt. 41% of the trades were bearish, targeting a price range of $145.0 to $170.0. Current trading volume is 3,211,581 with the stock price at $166.41. Analysts have mixed ratings with an average target price of $173.6.
The unusual options activity with a bearish tilt suggests that large investors are expecting a potential decline in PG's stock price. The mixed analyst ratings and the current RSI indicating an overbought condition further support a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100