Looking At Eli Lilly's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Eli Lilly (NYSE:LLY), with a majority of investors taking a bearish stance. Whales have been targeting a price range from $200 to $600 for Eli Lilly over the last 3 months. The current price of LLY is up 0.89% at $526.23. Major financial institutions like Morgan Stanley, Citigroup, JP Morgan, Wells Fargo, and Jefferies have maintained positive ratings on Eli Lilly, with price targets ranging from $525 to $615.
August 09, 2023 | 8:46 pm
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Eli Lilly has seen unusual options activity, with a majority of investors taking a bearish stance. However, major financial institutions have maintained positive ratings on the company, with price targets ranging from $525 to $615.
The bearish stance from options traders could put downward pressure on Eli Lilly's stock in the short term. However, the positive ratings and high price targets from major financial institutions suggest a positive outlook for the company in the medium to long term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100