Adobe Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Adobe (NASDAQ:ADBE) has been observed through unusual options activity. The sentiment among these big-money traders is split between 58% bullish and 41% bearish. The whales have been targeting a price range from $400.0 to $560.0 for Adobe over the last 3 months. Morgan Stanley has upgraded its action to Overweight with a price target of $660.
August 04, 2023 | 9:43 am
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Unusual options activity indicates a significant bullish stance on Adobe. The sentiment among these traders is split between 58% bullish and 41% bearish. Morgan Stanley has upgraded its action to Overweight with a price target of $660.
The unusual options activity indicates that there is a significant amount of money betting on Adobe's stock price to rise. This, combined with Morgan Stanley's upgrade to Overweight, suggests a positive short-term impact on Adobe's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100