Adobe Unusual Options Activity For August 18
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on Adobe (NASDAQ:ADBE), with 50% of investors opening trades with bullish expectations and 50% with bearish. The total amount for puts is $207,800 and for calls is $490,573. Whales have been targeting a price range from $250.0 to $680.0 for Adobe over the last 3 months. B of A Securities and Morgan Stanley have upgraded their actions to Buy and Overweight respectively, with price targets of $630 and $660.
August 18, 2023 | 3:16 pm
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Adobe has seen significant options activity, with a bullish stance from a major investor. The company has also received upgrades from B of A Securities and Morgan Stanley.
The bullish stance from a major investor, along with upgrades from B of A Securities and Morgan Stanley, indicate positive sentiment towards Adobe. This could potentially drive the stock price up in the short term.
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