Check Out What Whales Are Doing With LLY
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Eli Lilly (NYSE:LLY), with 58% of detected trades having bearish expectations. Whales have been targeting a price range of $300 to $550 for Eli Lilly over the last 3 months. The stock is currently up 1.95% at $461.57, with RSI indicators suggesting it may be overbought. Truist Securities and Cantor Fitzgerald have downgraded their actions with price targets of $430 and $485, respectively.
June 27, 2023 | 2:06 pm
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Whale investor's bearish stance on Eli Lilly (NYSE:LLY) may impact the stock price. The stock is up 1.95% at $461.57, but RSI indicators suggest it may be overbought. Analysts have downgraded their actions with price targets of $430 and $485.
The bearish stance taken by the whale investor, combined with the stock being potentially overbought and recent downgrades by analysts, may lead to a short-term negative impact on Eli Lilly's stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100