Spotlight on Nike: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Nike (NYSE:NKE) has seen a surge in options activity, with a significant portion of investors adopting a bearish stance. The options activity includes 9 notable trades, with 55% of investors leaning bearish. Analysts have mixed ratings on Nike, with price targets ranging from $79 to $100. The stock is currently trading at $85.64, down 1.02%, with an earnings announcement expected in 8 days.
September 23, 2024 | 1:46 pm
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Nike has experienced a notable increase in options activity, with a majority of investors showing a bearish sentiment. Analysts have mixed ratings, with price targets between $79 and $100. The stock is currently trading at $85.64, down 1.02%.
The surge in options activity, particularly with a bearish sentiment, suggests potential downward pressure on Nike's stock price. The mixed analyst ratings and the current price drop of 1.02% further support a short-term negative outlook. The upcoming earnings announcement could also impact the stock's direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100