Illumina Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Illumina (NASDAQ:ILMN) with 60% of detected unusual options trades being bearish. Whales have been targeting a price range of $197.5 to $220.0 for Illumina over the last 3 months. Stifel, Baird, and RBC Capital maintain their Buy, Neutral, and Outperform ratings on the stock, respectively.
May 18, 2023 | 7:17 pm
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NEGATIVE IMPACT
A whale has taken a bearish stance on Illumina with 60% of detected unusual options trades being bearish. Analysts maintain Buy, Neutral, and Outperform ratings on the stock.
The bearish stance taken by the whale, who has a significant amount of money to spend, indicates a potential short-term negative impact on Illumina's stock price. However, the maintained positive ratings from Stifel, Baird, and RBC Capital suggest that the stock may still have long-term potential.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100