Options Traders Double Down on Coca-Cola Rival
PEPPepsiCo(PEP) Schaeffers Investment Research·2024-10-08 03:41

Shares of PepsiCo Inc (NASDAQ:PEP) are trading down 0.5% at $167.21 this afternoon, with traders gearing up for the company's third-quarter earnings, which are due out before the open tomorrow, Tuesday, Oct. 8. PEP is eyeing its fourth consecutive daily drop, its latest pullback dragging the shares below the year-to-date breakeven mark. The equity is also trapped below a confluence of key moving averages, with the 10-day pressing sharply overhead. Over the past two years, PEP has tended to outperform after ...