PepsiCo Stock on Track for Worst Day Since October

PEP could log its first weekly loss in three

Digital Content Manager
Feb 9, 2024 at 10:47 AM
facebook X logo linkedin


PepsiCo Inc (NASDAQ:PEP) missed revenue estimates for the fourth quarter, amid higher borrowing costs and slowing demand for its products thanks to increasing prices. Though earnings beat expectations, PEP is down 2.9% to trade at $168.75 at last check. 

The security is today on track for its worst single-day percentage loss since October, and could mark its first weekly loss in three. The 180-day moving average lingers as a firm level of resistance, yesterday rejecting the stock's rally to the $174 mark. In the last nine months, PEP shed 14%.

Options volume is today running at seven times the intraday average volume, with 30,000 calls and 27,000 puts across the tape so far. The weekly 2/9 165-strike put, which expires at the close, is the most popular contract, with new positions being bought to open there.

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day call/put volume ratio of 2.46 stands higher than 83% of readings from the past year. Should this optimism start to unwind, PepsiCo stock could drop even lower.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI