Spotlight on Starbucks: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Starbucks (NASDAQ:SBUX) has seen a surge in options activity, with a notable bearish sentiment. 50% of traders are bearish, and 41% are bullish. The options activity suggests a price range between $70 and $110. Analysts have mixed ratings, with some upgrading and others downgrading their outlook.
October 16, 2024 | 8:01 pm
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Starbucks has experienced a significant increase in options trading, with a bearish sentiment prevailing. Analysts have mixed ratings, with price targets ranging from $76 to $118.
The article highlights a bearish sentiment in options trading for Starbucks, with 50% of traders showing bearish tendencies. This could indicate a potential short-term downward pressure on the stock price. Additionally, the mixed analyst ratings, with some downgrades, further support a cautious outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100