Unpacking the Latest Options Trading Trends in PepsiCo
Portfolio Pulse from Benzinga Insights
Recent options trading trends for PepsiCo (NASDAQ:PEP) show a bearish sentiment among large investors, with 69% of trades being bearish. The price range targeted by these trades is between $155 and $185. Despite this, PepsiCo's stock price is currently up by 1.01% at $172.91. An analyst from Morgan Stanley has lowered the rating to Equal-Weight with a price target of $185.
September 23, 2024 | 4:30 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Options trading for PepsiCo shows a bearish sentiment with 69% of trades being bearish. The stock is currently trading at $172.91, up by 1.01%. Morgan Stanley has lowered its rating to Equal-Weight with a price target of $185.
The majority of options trades are bearish, indicating a negative sentiment among large investors. This could lead to downward pressure on the stock price. Additionally, Morgan Stanley's lowered rating adds to the bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100