Eli Lilly Unusual Options Activity For May 30
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on Eli Lilly (NYSE:LLY) with 72% of detected unusual options trades being bearish. The price target range for Eli Lilly over the last 3 months is $160 to $520. Analysts maintain Outperform and Overweight ratings with price targets between $458 and $507.
May 30, 2023 | 3:18 pm
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NEUTRAL IMPACT
A whale has taken a bearish stance on Eli Lilly, with 72% of detected unusual options trades being bearish. Analysts maintain Outperform and Overweight ratings with price targets between $458 and $507.
The bearish stance taken by the whale in the unusual options trades may create some short-term downward pressure on Eli Lilly's stock price. However, the maintained Outperform and Overweight ratings by analysts, along with their price targets between $458 and $507, suggest a positive outlook for the stock in the medium to long term. Therefore, the short-term impact on the stock price is considered neutral.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100