Check Out What Whales Are Doing With LLY
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 48% bullish and 51% bearish. The whales have been targeting a price range from $190.0 to $650.0 for Eli Lilly over the last 3 months. The current price of LLY is up 2.65% at $541.13. Analysts from Goldman Sachs, BMO Capital, Cantor Fitzgerald, Barclays, and Citigroup have maintained their ratings on Eli Lilly, with price targets ranging from $470 to $633.
August 14, 2023 | 3:31 pm
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A large investor has taken a bearish stance on Eli Lilly, indicated by unusual options activity. The sentiment among these big-money traders is split, with 48% bullish and 51% bearish. The current price of LLY is up 2.65% at $541.13.
The bearish stance taken by a large investor, indicated by unusual options activity, could potentially drive the stock price down in the short term. The sentiment among these big-money traders is split, which adds uncertainty to the stock's direction. However, the current upward trend in the stock price may counteract this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100