Smart Money Is Betting Big In Coca-Cola Options
Portfolio Pulse from Benzinga Insights
High-rolling investors are showing a bearish sentiment on Coca-Cola (NYSE:KO) through options trading, with 66% of trades being bearish. This unusual activity suggests potential insider information. The stock is currently trading at $71.48, slightly down, and is considered overbought. Analysts maintain an Overweight rating with a target price of $78.
August 28, 2024 | 6:30 pm
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Coca-Cola is experiencing significant bearish sentiment in options trading, with 66% of trades being bearish. This could indicate potential insider information affecting the stock. The current price is $71.48, slightly down, and analysts maintain an Overweight rating with a target price of $78.
The significant bearish sentiment in options trading suggests that investors expect a decline in Coca-Cola's stock price. The unusual volume of bearish trades could indicate insider information. Despite this, analysts maintain a positive outlook with a target price of $78, but the short-term impact is likely negative.
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