Some rich people think that the company Papa John's International will not do well in the future, so they are betting money that the company's stock price will go down. This is called a bearish stance. We know this because we saw some big and unusual trades involving options, which are a way to bet on the future stock price of a company. These trades can tell us what some smart investors think about the company's future. Read from source...
Based on the above analysis, we can see that:
- There is a significant amount of options activity for Papa John's International, with large uncommon trades showing up on the options scanner.
- The overall sentiment of these large traders is split between 12% bullish and 62%, bearish.
- The price target for these trades is between $37.5 and $60.0, and the traders seem to be focusing on a price band around $46.0.
- The recent options history suggests that some investors may know something is about to happen, and retail traders should be aware of this.
- The current market standing of Papa John's International is that it is trading with a volume of 1,054,758, and its price is up by 2.76%, now at $46.1.
- The RSI readings suggest that the stock is currently approaching overbought territory.
- The anticipated earnings release is in 80 days.
- The professional analyst ratings for Papa John's International are mixed, with a consensus target price of $52.6.
- The recent options trades for Papa John's International show a bearish sentiment, and retail traders should be cautious of this.