Deere Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Deere (NYSE:DE) as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $350.0 to $460.0 for Deere over the last 3 months. DA Davidson and Citigroup have maintained their Buy rating on Deere, with price targets of $510 and $475 respectively.
August 04, 2023 | 9:53 am
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NEGATIVE IMPACT
Unusual options activity indicates a bearish stance on Deere. The sentiment of big-money traders is split between 45% bullish and 54% bearish. DA Davidson and Citigroup maintain their Buy rating on Deere.
The unusual options activity and the bearish sentiment of big-money traders indicate a potential short-term decrease in Deere's stock price. However, the maintained Buy ratings from DA Davidson and Citigroup could mitigate this impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100