Deere Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Deere (NYSE:DE) has been observed through unusual options activity. The sentiment among these big-money traders is split between 55% bullish and 44% bearish. The whales have been targeting a price range from $320.0 to $440.0 for Deere over the last 3 months. Canaccord Genuity has downgraded its action to Buy with a price target of $530.
July 11, 2023 | 5:34 pm
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POSITIVE IMPACT
Unusual options activity indicates a bullish stance on Deere. Canaccord Genuity has downgraded its action to Buy with a price target of $530.
The unusual options activity indicates that big-money traders are taking a bullish stance on Deere. This, coupled with the downgrade from Canaccord Genuity to Buy with a higher price target, suggests a positive short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100