Intuit Unusual Options Activity For May 19
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Intuit (NASDAQ:INTU), with 11 uncommon options trades spotted. The sentiment of these big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $390 to $470 for Intuit over the last 3 months. Barclays maintains an Overweight rating with a price target of $495, while Mizuho maintains a Buy rating with a price target of $550.
May 19, 2023 | 8:16 pm
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Intuit has seen unusual options activity, with 11 uncommon trades and a sentiment split between 45% bullish and 54% bearish. Barclays and Mizuho maintain positive ratings with price targets of $495 and $550, respectively.
The unusual options activity for Intuit indicates that there is uncertainty among big-money traders, with a nearly even split between bullish and bearish sentiment. While this may cause short-term volatility, the positive ratings and price targets from Barclays and Mizuho suggest a generally favorable outlook for the stock. As a result, the short-term impact on Intuit's stock price is neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100