Unpacking the Latest Options Trading Trends in Procter & Gamble
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Procter & Gamble (NYSE:PG) through options trading, with 58% of the activity being bearish. The trading activity suggests a focus on a price range between $165 and $185. Despite this, an analyst from DZ Bank has upgraded PG to a 'Buy' with a target price of $190.
September 09, 2024 | 5:15 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Procter & Gamble is experiencing significant bearish sentiment from options traders, with 58% of the activity being bearish. This suggests potential downward pressure on the stock price. However, DZ Bank has upgraded the stock to 'Buy' with a target price of $190, indicating some positive outlook.
The bearish sentiment from options traders, with 58% of the activity being bearish, suggests potential short-term downward pressure on PG's stock price. However, the upgrade from DZ Bank to 'Buy' with a target price of $190 provides a counterpoint, indicating some positive sentiment. The mixed signals could lead to volatility in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100