Check Out What Whales Are Doing With INTU
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a large investor or institution, as evidenced by unusual options activity. The sentiment among these big-money traders is split between 29% bullish and 70% bearish. The whales have been targeting a price range from $380.0 to $540.0 for Intuit over the last 3 months. Currently, INTU's price is down -2.42% at $496.21. Exane BNP Paribas upgraded its action to Neutral with a price target of $532, while Keybanc maintained their Overweight rating with a price target of $525.
August 04, 2023 | 11:47 am
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Unusual options activity indicates a significant bearish stance on Intuit. The stock's price is currently down, and analysts have mixed ratings.
The bearish stance taken by a large investor or institution, as indicated by the unusual options activity, could potentially drive the stock price down in the short term. Additionally, the mixed analyst ratings add uncertainty to the stock's outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100