Illumina Unusual Options Activity For June 28
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Illumina (NASDAQ:ILMN) with unusual options activity observed. The overall sentiment of these big-money traders is 90% bearish. The whales have been targeting a price range from $180.0 to $230.0 for Illumina over the last 3 months. Canaccord Genuity downgraded its action to Buy with a price target of $300.
June 28, 2023 | 6:04 pm
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Unusual options activity has been observed for Illumina, with a significant bearish stance. Canaccord Genuity downgraded its action to Buy with a price target of $300.
The unusual options activity, with a significant bearish stance, indicates that big-money traders expect the price of Illumina to fall. This could put downward pressure on the stock. Additionally, Canaccord Genuity's downgrade to Buy with a price target of $300 may also impact the stock negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100