Looking At Intuit's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Intuit (NASDAQ:INTU), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $410.0 to $540.0 for Intuit over the last 3 months. The price of INTU is currently down -1.01% at $500.13. Keybanc maintains an Overweight rating on Intuit with a price target of $525, while Mizuho downgraded its action to Buy with a price target of $550, and Exane BNP Paribas upgraded its action to Neutral with a price target of $532.
August 08, 2023 | 7:15 pm
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Intuit has seen unusual options activity, with a majority of investors taking a bearish stance. The stock price is currently down, and analyst ratings are mixed.
The unusual options activity, majority of which is bearish, indicates that investors are expecting the stock price to decrease. This, combined with the current decrease in stock price and mixed analyst ratings, suggests a negative short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100