This Is What Whales Are Betting On AbbVie
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on AbbVie (NYSE:ABBV) by a large investor or institution, as indicated by unusual options trading activity. The overall sentiment of these big-money traders is split between 53% bullish and 46% bearish. The whales have been targeting a price range from $105.0 to $175.0 for AbbVie over the last 3 months. The price of ABBV is up 0.89% at $150.96, and RSI indicators suggest the stock may be overbought.
August 09, 2023 | 8:02 pm
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Unusual options trading activity indicates a significant bullish stance on AbbVie. The stock price is up 0.89% at $150.96, and RSI indicators suggest the stock may be overbought.
The news of unusual options trading activity, with a significant bullish stance, is likely to attract more investors to AbbVie, potentially driving the stock price up in the short term. However, the RSI indicators suggest that the stock may be overbought, which could lead to a price correction in the near future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100