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 57% bullish and 42% bearish. The whales have been targeting a price range from $350.0 to $500.0 for Deere over the last 3 months. Canaccord Genuity downgraded its action to Buy with a price target of $530, while Citigroup maintained their Buy rating with a price target of $475.
July 18, 2023 | 7:01 pm
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Unusual options activity indicates a bullish stance on Deere. The sentiment among big-money traders is 57% bullish. Canaccord Genuity and Citigroup have set price targets of $530 and $475 respectively.
The unusual options activity indicates that big-money traders are bullish on Deere. This, combined with the price targets set by Canaccord Genuity and Citigroup, suggests a positive short-term impact on Deere's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100