Deere Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Deere (NYSE:DE) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 27% bullish and 72% bearish. The whales have been targeting a price range from $300.0 to $460.0 for Deere over the last 3 months. Canaccord Genuity has downgraded its action to Buy with a price target of $530.
July 14, 2023 | 6:47 pm
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NEGATIVE IMPACT
A large investor has taken a bearish stance on Deere, with the sentiment among big-money traders being 72% bearish. Canaccord Genuity has downgraded its action to Buy with a price target of $530.
The bearish stance taken by a large investor, as indicated by the unusual options activity, suggests that there may be a negative outlook for Deere. This is further supported by the sentiment among big-money traders, which is predominantly bearish. Additionally, Canaccord Genuity's downgrade to Buy with a price target of $530 indicates a less optimistic view of the company's future performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100