This Is What Whales Are Betting On Adobe
Portfolio Pulse from Benzinga Insights
A large bearish position on Adobe (NASDAQ:ADBE) has been noticed, with 95 uncommon options trades spotted, split between 42% bullish and 57% bearish. Whales have been targeting a price range of $340 to $740 for Adobe over the last 3 months. Adobe's stock price is currently down 2.08% at $484.9.
June 20, 2023 | 7:17 pm
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A large bearish position has been noticed on Adobe, with 95 uncommon options trades split between 42% bullish and 57% bearish. Whales have been targeting a price range of $340 to $740 for Adobe over the last 3 months.
The large bearish position on Adobe indicates that a significant investor or institution believes the stock price will decline in the short term. This could lead to increased selling pressure and a potential drop in the stock price. Additionally, the overall sentiment of the big-money traders is more bearish than bullish, which could further contribute to a negative short-term impact on the stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100