Market Whales and Their Recent Bets on SBUX Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Starbucks (NASDAQ:SBUX) through significant options trading activity. Benzinga's options scanner detected 21 extraordinary options activities, with 61% of the sentiment being bearish. The trading activity suggests a price range of $60.0 to $115.0 for Starbucks over the next three months. Analysts have mixed ratings, with price targets ranging from $80 to $105.
August 21, 2024 | 3:03 pm
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Significant bearish sentiment detected in Starbucks options trading, with 61% of the activity being bearish. Analysts have mixed ratings, with price targets ranging from $80 to $105.
The detection of 21 extraordinary options activities with a 61% bearish sentiment indicates a potential short-term negative impact on SBUX stock price. The mixed analyst ratings add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100