Deep-pocketed investors have adopted a bearish approach towards Colgate-Palmolive (NYSE:CL), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in CL usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 11 extraordinary options activities for Colgate-Palmolive. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 45% leaning bullish and 54% bearish. Among these notable options, 3 are puts, totaling $219,425, and 8 are calls, amounting to $522,292.
Predicted Price Range
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $87.5 to $100.0 for Colgate-Palmolive over the last 3 months.
Volume & Open Interest Trends
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Colgate-Palmolive's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Colgate-Palmolive's whale activity within a strike price range from $87.5 to $100.0 in the last 30 days.
Colgate-Palmolive Call and Put Volume: 30-Day Overview
Noteworthy Options Activity:
About Colgate-Palmolive
Since its founding in 1806, Colgate-Palmolive has grown to become a leading global consumer product company. In addition to its namesake oralcare line, the firm manufactures shampoos, shower gels, deodorants, and homecare products that are sold in over 200 countries. International accounts for about 70% of its total sales base, including approximately 45% from emerging regions. It also owns specialty pet food maker Hill's, which sells its products through veterinarians and specialty pet retailers.
Colgate-Palmolive's Current Market Status
- Currently trading with a volume of 2,974,675, the CL's price is up by 1.08%, now at $95.1.
- RSI readings suggest the stock is currently may be overbought.
- Anticipated earnings release is in 77 days.
What Analysts Are Saying About Colgate-Palmolive
5 market experts have recently issued ratings for this stock, with a consensus target price of $91.2.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Colgate-Palmolive, targeting a price of $84.
- Consistent in their evaluation, an analyst from Stifel keeps a Buy rating on Colgate-Palmolive with a target price of $95.
- Maintaining their stance, an analyst from Wells Fargo continues to hold a Equal-Weight rating for Colgate-Palmolive, targeting a price of $92.
- Maintaining their stance, an analyst from Barclays continues to hold a Equal-Weight rating for Colgate-Palmolive, targeting a price of $85.
- An analyst from B of A Securities persists with their Buy rating on Colgate-Palmolive, maintaining a target price of $100.
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Colgate-Palmolive with Benzinga Pro for real-time alerts.
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