Check Out What Whales Are Doing With ADBE
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Adobe (NASDAQ:ADBE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. The whales have been targeting a price range from $200.0 to $550.0 for Adobe over the last 3 months. Adobe's stock price is currently down by 1.34% at $482.46. Several financial institutions have maintained their ratings on Adobe, with price targets ranging from $470 to $550.
July 03, 2023 | 2:18 pm
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A large investor has taken a bearish stance on Adobe, indicated by unusual options activity. The sentiment among these big-money traders is split, with 41% bullish and 58% bearish. Adobe's stock price is currently down by 1.34% at $482.46.
The bearish stance taken by a large investor, as indicated by the unusual options activity, could potentially drive Adobe's stock price down in the short term. The sentiment among these big-money traders is more bearish than bullish, which could further negatively impact the stock price. Additionally, Adobe's stock price is currently down by 1.34%, which could be a sign of a potential downtrend.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100