Adobe Unusual Options Activity For May 24
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Adobe (NASDAQ:ADBE) with a bearish stance. Benzinga's options scanner spotted 19 uncommon options trades, with 73% being bearish and 26% bullish. Whales have been targeting a price range of $315 to $420 for Adobe over the last 3 months.
May 24, 2023 | 2:32 pm
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Adobe experiences unusual options activity with a bearish stance. 73% of the trades are bearish, and 26% are bullish, targeting a price range of $315 to $420.
The article highlights unusual options activity for Adobe, with a majority of the trades being bearish. This indicates that big-money traders expect the stock price to go down in the short term. The targeted price range of $315 to $420 also suggests potential downward movement. RBC Capital has downgraded its action to Outperform with a price target of $415.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100