TJX Companies Options Trading: A Deep Dive into Market Sentiment
Portfolio Pulse from Benzinga Insights
Investors have taken a bearish position in TJX Companies, with 53% of options trades being bearish. The options activity suggests a price range of $100 to $135. Despite this, analysts maintain positive ratings with target prices up to $148. TJX's stock is currently up 1.39% at $117.23.
September 09, 2024 | 7:30 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Options trading in TJX Companies shows a bearish sentiment with 53% of trades being bearish. However, analysts maintain positive ratings with target prices up to $148. The stock is currently up 1.39% at $117.23.
The bearish sentiment in options trading suggests potential short-term downward pressure on TJX's stock price. However, the positive analyst ratings and current stock price increase indicate mixed signals. The options activity, with a majority of puts, suggests investors are hedging against potential downside risks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100