McKesson's Options Frenzy: What You Need to Know
Portfolio Pulse from Benzinga Insights
Financial giants have made a bearish move on McKesson (NYSE:MCK) with 41 unusual options trades, predominantly puts. The stock is currently down by 7.39% at $571.85, with analysts maintaining positive ratings and high price targets.
August 08, 2024 | 7:31 pm
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NEGATIVE IMPACT
McKesson has seen a significant bearish sentiment in options trading, with 60% of trades being puts. The stock is currently down by 7.39% at $571.85. Despite this, analysts maintain positive ratings with high price targets.
The significant bearish sentiment in options trading, with 60% of trades being puts, indicates a negative short-term outlook for McKesson. The stock's current decline of 7.39% further supports this bearish sentiment. However, analysts maintain positive ratings and high price targets, suggesting potential long-term recovery.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100