Behind the Scenes of Starbucks's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Recent options trading activity for Starbucks (NASDAQ:SBUX) shows a bearish sentiment among big-money investors, with 54% of trades being bearish. The options activity suggests a price range of $75 to $105 for Starbucks. Analysts have mixed ratings, with price targets ranging from $103 to $120.
September 10, 2024 | 3:30 pm
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Starbucks is experiencing unusual options activity with a bearish sentiment from big-money investors. The options suggest a price range of $75 to $105. Analysts have mixed ratings, with price targets between $103 and $120.
The unusual options activity with a majority bearish sentiment indicates potential downward pressure on Starbucks' stock price. The mixed analyst ratings and price targets suggest uncertainty in the market, but the bearish options activity is a strong indicator of short-term negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100