Starbucks Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown unusual bearish options activity towards Starbucks (NASDAQ:SBUX), with 68% of the options activity being bearish. This significant move suggests potential upcoming volatility for the stock. Analysts have recently downgraded their ratings, with a consensus target price of $83.0.
August 05, 2024 | 5:30 pm
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Starbucks has seen significant bearish options activity, with 68% of the options being bearish. Analysts have downgraded their ratings, with a consensus target price of $83.0. The stock is currently down 3.56% at $73.18.
The significant bearish options activity indicates that investors are expecting a decline in Starbucks' stock price. Additionally, recent analyst downgrades and a lower consensus target price further support a bearish outlook in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100