Adobe Unusual Options Activity For May 19
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Adobe (NASDAQ:ADBE), with 71% of detected unusual options trades being bearish. Whales have been targeting a price range of $340 to $410 for Adobe over the last 3 months. RBC Capital downgraded its action to Outperform with a price target of $415.
May 19, 2023 | 4:01 pm
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Unusual options activity indicates a bearish stance on Adobe, with a price target range of $340 to $410. RBC Capital downgraded its action to Outperform with a price target of $415.
The article highlights a bearish stance on Adobe due to unusual options activity, with 71% of detected trades being bearish. This could lead to short-term downward pressure on the stock price. Additionally, RBC Capital's downgrade to Outperform with a price target of $415 may also contribute to the bearish sentiment.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100