Eli Lilly Unusual Options Activity For July 10
Portfolio Pulse from Benzinga Insights
Unusual options activity has been observed for Eli Lilly (NYSE:LLY), with a bearish stance taken by a large investor. The sentiment among these big-money traders is split between 13% bullish and 86% bearish. The whales have been targeting a price range from $340.0 to $660.0 for Eli Lilly over the last 3 months. Cantor Fitzgerald has downgraded its action to Overweight with a price target of $485 and maintained their Overweight rating with a price target of $550. Truist Securities downgraded its action to Buy with a price target of $430.
July 10, 2023 | 4:33 pm
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NEGATIVE IMPACT
Unusual options activity observed for Eli Lilly with a bearish stance taken by a large investor. Price targets range from $340 to $660. Analysts have mixed ratings.
The bearish stance taken by a large investor indicates a potential downward movement in the stock price. The wide range of price targets suggests uncertainty about the company's future performance. The mixed analyst ratings also contribute to this uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100