Looking At Abbott Laboratories's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed in Abbott Laboratories (NYSE:ABT), with 69% of investors taking a bearish stance. Whales have been targeting a price range of $90 to $110 for the company over the last 3 months.
June 20, 2023 | 8:16 pm
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Abbott Laboratories has seen unusual options activity, with 69% of investors taking a bearish stance. Whales have targeted a price range of $90 to $110 over the last 3 months.
The unusual options activity in Abbott Laboratories, with a majority of investors taking a bearish stance, indicates a potential short-term negative impact on the stock price. The targeted price range of $90 to $110 by whales also suggests that they expect the stock price to fluctuate within this range. This bearish sentiment could lead to a decrease in the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100