Archer-Daniels Midland Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Archer-Daniels Midland (NYSE:ADM) as evidenced by unusual options activity. The sentiment among these big-money traders is 80% bullish and 20% bearish. The whales have been targeting a price range from $70.0 to $95.0 for Archer-Daniels Midland over the last 3 months. The price of ADM is currently up 3.42% at $85.95. Morgan Stanley has downgraded its action to Equal-Weight with a price target of $83.
July 25, 2023 | 8:01 pm
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Archer-Daniels Midland has seen significant bullish options activity. The price of ADM is currently up 3.42% at $85.95. However, Morgan Stanley has downgraded its action to Equal-Weight with a price target of $83.
The unusual options activity indicates that big-money traders are bullish on ADM, which could drive the price up in the short term. However, the downgrade by Morgan Stanley might temper this bullish sentiment, hence the score of 1.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100