Looking At Nike's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Recent unusual options activity on Nike (NYSE:NKE) shows a predominantly bearish sentiment among high-rolling investors, with 77% of trades being bearish. This suggests potential insider information and a predicted price range of $50 to $85. Analysts have mixed ratings, with a recent downgrade to Neutral and an upgrade to Buy.
August 27, 2024 | 2:01 pm
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Nike's recent options activity indicates a bearish sentiment among major investors, with 77% of trades being bearish. This could suggest insider information and a potential price range of $50 to $85. Analysts have mixed ratings, with a recent downgrade to Neutral and an upgrade to Buy.
The significant bearish options activity suggests that major investors might have insider information, potentially leading to a short-term price decline. The mixed analyst ratings add to the uncertainty, but the overall sentiment leans bearish.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100