Smart Money Is Betting Big In PEP Options
Portfolio Pulse from Benzinga Insights
Financial giants are showing a bullish trend in PepsiCo (NASDAQ:PEP) options, with significant trades indicating a price target between $155 and $180. Despite a recent downgrade by Morgan Stanley, the stock is currently trading at $169.74 with a neutral RSI. The next earnings report is due in 12 days.
September 26, 2024 | 4:31 pm
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PepsiCo is seeing bullish activity in options trading, with a price target range of $155-$180. Despite a downgrade by Morgan Stanley, the stock is trading at $169.74. The upcoming earnings report in 12 days could further influence the stock price.
The article highlights significant bullish options trades for PepsiCo, indicating investor confidence in a price increase. The stock's current price and the upcoming earnings report add to the potential for short-term price movement. The Morgan Stanley downgrade may temper expectations but does not overshadow the bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100