Intuitive Surgical Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Intuitive Surgical (NASDAQ:ISRG) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 38% bullish and 61% bearish. The whales have been targeting a price range from $290.0 to $400.0 for Intuitive Surgical over the last 3 months. The current price of ISRG is down -3.33% at $325.46. Analysts from Morgan Stanley, Piper Sandler, RBC Capital, Truist Securities, and Barclays have maintained their ratings on Intuitive Surgical with price targets ranging from $330 to $400.
July 24, 2023 | 5:45 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on Intuitive Surgical. The current price is down -3.33% at $325.46. Analysts maintain their ratings with price targets ranging from $330 to $400.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Intuitive Surgical to decrease. This, combined with the current price decrease of -3.33%, could lead to a short-term negative impact on the stock. However, the maintained ratings and price targets from analysts suggest a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100