PepsiCo'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 PepsiCo (NASDAQ:PEP), as revealed by Benzinga's options scanner. The majority of the options activity is bearish, with significant trades in both puts and calls. The stock is currently trading at $178.84, up by 2.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with a consensus target price of $183.2.
August 02, 2024 | 7:17 pm
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PepsiCo (PEP) has seen significant bearish options activity, with 63% of trades being bearish. The stock is currently trading at $178.84, up by 2.22%, but RSI readings suggest it may be overbought. Analysts have mixed ratings with a consensus target price of $183.2.
The significant bearish options activity suggests that large investors expect a decline in PepsiCo's stock price. Despite the current price increase, the RSI indicates the stock may be overbought, adding to the bearish outlook. Mixed analyst ratings further contribute to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100