Looking At Abbott Laboratories's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Abbott Laboratories (NYSE:ABT), with 54% of recent trades being bearish. The trades range from $90.0 to $130.0, with a total of 8 puts and 14 calls. The current price of ABT is up 4.41% at $112.01, and RSI indicators suggest the stock may be approaching overbought.
July 20, 2023 | 7:46 pm
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Bearish stance taken on Abbott Laboratories with majority of recent trades being bearish. The stock price is currently up and may be approaching overbought.
The bearish stance taken by a significant investor, along with the fact that the stock may be approaching overbought, suggests a potential downward pressure on the stock price in the short term.
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IMPORTANCE 80
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