This Is What Whales Are Betting On Abbott Laboratories
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Abbott Laboratories (NYSE:ABT) by a large investor, as indicated by a large position in options. The overall sentiment of these big-money traders is split between 43% bullish and 56% bearish. The whales have been targeting a price range from $60.0 to $130.0 for Abbott Laboratories over the last 3 months. The price of ABT is currently up 0.18% at $107.73.
August 04, 2023 | 7:01 pm
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A large investor has taken a bearish stance on Abbott Laboratories, which could potentially impact the stock's price.
The news of a large investor taking a bearish stance on Abbott Laboratories, as indicated by a significant options position, could potentially lead to a decrease in the stock's price in the short term. This is due to the fact that such large positions can influence market sentiment and cause other investors to follow suit.
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IMPORTANCE 80
RELEVANCE 100