AbbVie Unusual Options Activity For August 11
Portfolio Pulse from Benzinga Insights
Benzinga's options scanner detected over 12 options trades for AbbVie (NYSE:ABBV) totaling $516,278. Whales have been targeting a price range from $130.0 to $165.0 for AbbVie over the last 3 months. The mean open interest for AbbVie options trades today is 2143.73 with a total volume of 659.00. The price of ABBV is up 0.72% at $152.53. RSI indicators suggest the stock may be overbought.
August 11, 2023 | 6:31 pm
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Significant options activity detected for AbbVie. Whales have been targeting a price range from $130.0 to $165.0 over the last 3 months. The stock price is up 0.72% at $152.53, and RSI indicators suggest it may be overbought.
The news of significant options activity and the targeting of a specific price range by whales indicates increased interest in AbbVie. This could potentially drive the stock price up in the short term. However, the RSI indicators suggest the stock may be overbought, which could lead to a price correction.
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