Check Out What Whales Are Doing With ADBE
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Adobe (NASDAQ:ADBE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 42% bullish and 57% bearish. The whales have been targeting a price range from $480.0 to $550.0 for Adobe over the last 3 months. Morgan Stanley has upgraded Adobe to Overweight with a price target of $660.
July 31, 2023 | 1:47 pm
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A large investor has taken a bearish stance on Adobe, with unusual options activity indicating a potential price movement. Morgan Stanley has upgraded Adobe to Overweight with a price target of $660.
The news of a large investor taking a bearish stance on Adobe through unusual options activity could potentially impact the stock's price. However, the sentiment among these big-money traders is split, with a significant portion still bullish. Additionally, the upgrade from Morgan Stanley could counteract any potential negative impact. Therefore, the short-term impact on Adobe's stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100