This Is What Whales Are Betting On AbbVie
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on AbbVie (NYSE:ABBV), with 75% of detected trades being bearish. The total amount for puts is $641,231, while calls amount to $149,890. Whales have been targeting a price range from $110.0 to $150.0 for AbbVie over the last 3 months. The current price of ABBV is up 0.54% at $133.22, with RSI indicators suggesting a neutral position.
June 29, 2023 | 7:39 pm
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A significant investor has taken a bearish stance on AbbVie. The majority of detected trades are bearish, with a total amount for puts significantly higher than calls. The current price of ABBV is up slightly.
The bearish stance taken by a significant investor, along with the majority of detected trades being bearish, suggests a potential downward pressure on AbbVie's stock price in the short term. The total amount for puts is significantly higher than calls, indicating a stronger bearish sentiment. However, the current price of ABBV is up slightly, suggesting some resilience.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100