Smart Money Is Betting Big In NKE Options
Portfolio Pulse from Benzinga Insights
Deep-pocketed investors are showing a bearish sentiment towards Nike (NKE) through options trading, with 59% of the activity being bearish. This unusual options activity suggests potential market movements. Analysts have mixed ratings on Nike, with target prices ranging from $78 to $104.
October 18, 2024 | 4:01 pm
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Nike is experiencing unusual options activity with a bearish sentiment from investors, as 59% of the options are bearish. Analysts have mixed ratings, with target prices ranging from $78 to $104.
The significant bearish sentiment in options trading suggests that investors expect Nike's stock price to decline. The mixed analyst ratings add to the uncertainty, but the predominant bearish options activity is a strong indicator of potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100