Intuitive Surgical Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Intuitive Surgical (NASDAQ:ISRG), with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $245.0 and $350.0. The current price of ISRG is down -0.9% at $350.67. Citigroup and RBC Capital have maintained their Buy and Outperform ratings respectively, with price targets of $400 and $355.
July 18, 2023 | 3:02 pm
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Intuitive Surgical has seen unusual options activity, with a bearish stance being taken by a majority of investors. The price range targeted by these investors over the last 3 months is between $245.0 and $350.0. The current price of ISRG is down -0.9% at $350.67.
The bearish stance taken by a majority of investors in the options market indicates a potential downward pressure on the stock price in the short term. This is further supported by the current price being at the upper end of the targeted price range. However, the maintained Buy and Outperform ratings from Citigroup and RBC Capital suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100