Check Out What Whales Are Doing With ABBV
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on AbbVie (NYSE:ABBV), with 72% of recent trades being bearish and 27% bullish. The total amount for put options is $676,670 and for call options is $321,586. The targeted price range for AbbVie over the last 3 months is from $100.0 to $165.0. The current price of ABBV is down -1.01% at $135.86. Next earnings are expected in 20 days.
July 07, 2023 | 7:48 pm
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NEGATIVE IMPACT
A significant investor has taken a bearish stance on AbbVie. The targeted price range for AbbVie over the last 3 months is from $100.0 to $165.0. The current price of ABBV is down -1.01% at $135.86.
The bearish stance taken by a significant investor, along with the high volume of put options, suggests a negative short-term impact on AbbVie's stock. The current price is already down, and the targeted price range indicates further potential for decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100