Check Out What Whales Are Doing With INTU
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 75% bearish and 25% bullish. The whales have been targeting a price range from $440.0 to $570.0 for Intuit over the last 3 months. Exane BNP Paribas upgraded its action to Neutral with a price target of $532, while Keybanc maintained their Overweight rating on Intuit with a price target of $525.
July 24, 2023 | 6:15 pm
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A large investor has taken a bearish stance on Intuit, with unusual options trading activity indicating a 75% bearish sentiment. Analysts have mixed views, with Exane BNP Paribas upgrading its action to Neutral and Keybanc maintaining their Overweight rating.
The bearish stance taken by a large investor or institution, as indicated by the unusual options trading activity, suggests that there may be negative sentiment towards Intuit. This could potentially lead to a decrease in the stock price in the short term. However, the mixed views from analysts, with Exane BNP Paribas upgrading its action to Neutral and Keybanc maintaining their Overweight rating, add some uncertainty to the potential impact.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100