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.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100