AbbVie Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A whale has taken a bearish stance on AbbVie (NYSE:ABBV), with 58% of detected unusual options trades being bearish. Whales have been targeting a price range of $70 to $155 for AbbVie over the last 3 months. The stock is currently down 0.79% at $136.47, and RSI indicators suggest it may be oversold.
May 30, 2023 | 5:15 pm
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Unusual options activity detected for AbbVie, with a bearish stance taken by a whale. The stock is down 0.79% at $136.47, and RSI indicators suggest it may be oversold.
The article highlights a bearish stance taken by a whale on AbbVie, with 58% of detected unusual options trades being bearish. This indicates that the market sentiment for AbbVie is negative, which could lead to a short-term decrease in the stock price. Additionally, the stock is currently down 0.79% at $136.47, and RSI indicators suggest it may be oversold, further supporting the potential for a short-term decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100