Behind the Scenes of Nike's Latest Options Trends
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish trend towards Nike (NYSE:NKE) through options trading, with 52% of the activity being bearish. This unusual activity suggests potential significant movements in Nike's stock price. Analysts have mixed ratings, with price targets ranging from $79 to $93.
September 10, 2024 | 6:16 pm
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Nike is experiencing unusual options activity with a bearish sentiment from investors, indicating potential short-term price volatility. Analysts have mixed views, with price targets ranging from $79 to $93.
The significant bearish options activity suggests that investors expect Nike's stock price to decline in the short term. The mixed analyst ratings add to the uncertainty, with some analysts downgrading their ratings. This combination of factors points to potential short-term price volatility for Nike.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100