Looking At Novo Nordisk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Novo Nordisk (NYSE:NVO) as indicated by unusual options activity. The sentiment among these big-money traders is 70% bearish and 30% bullish. The whales have been targeting a price range from $90.0 to $185.0 for Novo Nordisk over the last 3 months. The current price of NVO is up 1.69% at $154.82.
July 12, 2023 | 7:49 pm
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Unusual options activity indicates a significant bearish stance on Novo Nordisk. The sentiment among big-money traders is 70% bearish and 30% bullish. The current price of NVO is up 1.69% at $154.82.
The unusual options activity and the bearish sentiment among big-money traders indicate that there might be a negative impact on Novo Nordisk's stock price in the short term. The fact that the current price of NVO is up 1.69% at $154.82 might not sustain if the bearish sentiment continues.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100