Behind the Scenes of Coca-Cola's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors have shown a bearish trend towards Coca-Cola (NYSE:KO) based on recent options activity. Benzinga's options scanner highlighted 10 significant options trades, with 60% of the sentiment being bearish. The major market movers are focusing on a price range between $65.0 and $80.0 for KO. Analysts have mixed ratings, with target prices ranging from $65 to $75.
August 06, 2024 | 8:01 pm
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Deep-pocketed investors have shown a bearish trend towards Coca-Cola (NYSE:KO) based on recent options activity. Benzinga's options scanner highlighted 10 significant options trades, with 60% of the sentiment being bearish. The major market movers are focusing on a price range between $65.0 and $80.0 for KO. Analysts have mixed ratings, with target prices ranging from $65 to $75.
The significant bearish sentiment from deep-pocketed investors, as indicated by the options activity, suggests a potential short-term decline in Coca-Cola's stock price. The mixed analyst ratings and the focus on a price range between $65.0 and $80.0 further support this outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100