Market Whales and Their Recent Bets on Procter & Gamble Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Procter & Gamble (NYSE:PG) through options trading, with 64% of the activity being bearish. This unusual activity suggests potential significant movements in PG's stock price. The current price is $174.64, down 1.77%, with a consensus target price of $190.0.
September 11, 2024 | 5:02 pm
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Procter & Gamble is experiencing significant bearish options activity, with 64% of trades being bearish. This suggests potential downward pressure on the stock price. The current price is $174.64, with a target price of $190.0.
The article highlights a significant bearish sentiment among large investors in Procter & Gamble's options market. With 64% of the options activity being bearish, this indicates a potential short-term downward pressure on the stock price. The current price is $174.64, and the consensus target is $190.0, suggesting a potential undervaluation if the bearish sentiment does not materialize into actual price drops.
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