This Is What Whales Are Betting On Procter & Gamble
Portfolio Pulse from Benzinga Insights
Wealthy investors are showing a bearish sentiment towards Procter & Gamble (NYSE:PG) with 60% of recent large options trades being puts. The price target is between $155 and $185. Despite this, PG's stock is slightly up, and an analyst has upgraded it to 'Buy' with a target of $190.
September 04, 2024 | 5:15 pm
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Procter & Gamble is seeing a bearish sentiment from large investors, with 60% of recent options trades being puts. The stock is currently trading at $174.59, slightly up, but RSI suggests it may be overbought. An analyst has upgraded PG to 'Buy' with a $190 target.
The bearish sentiment from large investors, indicated by the majority of options trades being puts, suggests a potential short-term decline in PG's stock price. However, the stock is currently up slightly, and an analyst upgrade to 'Buy' with a higher price target could mitigate the negative impact.
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IMPORTANCE 80
RELEVANCE 100