This Is What Whales Are Betting On AbbVie
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on AbbVie (NYSE:ABBV) by a large investor, as indicated by a large position in the company's options. The overall sentiment of these big-money traders is split between 62% bullish and 37% bearish. The whales have been targeting a price range from $110.0 to $140.0 for AbbVie over the last 3 months. The price of ABBV is up 1.25% at $134.89, with the RSI indicators suggesting the stock is currently neutral.
June 30, 2023 | 4:46 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on AbbVie, with a significant options position. The target price range is $110.0 to $140.0. The current price is up 1.25% at $134.89.
The news of a large investor taking a bullish stance on AbbVie, as indicated by a significant options position, is likely to have a positive impact on the stock's price in the short term. The target price range of $110.0 to $140.0 suggests that the investor expects the stock price to rise. The current price increase of 1.25% also supports this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100