This Is What Whales Are Betting On Eli Lilly
Portfolio Pulse from Benzinga Insights
A significant number of investors have taken a bearish stance on Eli Lilly (NYSE:LLY), with 57% of the spotted trades being bearish. The whales have been targeting a price range from $160.0 to $560.0 for Eli Lilly over the last 3 months. The price of LLY is up 3.4% at $449.46. Several experts including Cantor Fitzgerald and Morgan Stanley have maintained their Overweight rating on Eli Lilly, with price targets ranging from $485 to $560.
July 14, 2023 | 8:47 pm
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Bearish sentiment is observed in Eli Lilly with a significant number of investors betting against the stock. However, the stock price is currently up and several experts have maintained their Overweight rating on the company.
Despite the bearish sentiment observed in the trades, the stock price of Eli Lilly is currently up. This, along with the Overweight rating maintained by several experts, suggests that the stock might not be significantly impacted in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100