Deere Unusual Options Activity For July 24
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% 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 24, 2023 | 8:30 pm
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Unusual options activity indicates a significant bearish stance on Deere. The sentiment among big-money traders is split, with 60% bearish. This could potentially impact the stock's short-term performance.
The unusual options activity and the bearish sentiment among big-money traders could potentially lead to a decrease in Deere's stock price in the short term. Additionally, the downgrade by Canaccord Genuity could also negatively impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100