This Is What Whales Are Betting On AbbVie
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on AbbVie (NYSE:ABBV), with 72% of the spotted trades being bearish. The whales have been targeting a price range from $95.0 to $165.0 for AbbVie over the last 3 months. The current price of ABBV is down -0.55% at $149.32, and RSI indicators suggest that the stock may be approaching overbought.
August 21, 2023 | 7:45 pm
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A significant investor has taken a bearish stance on AbbVie. The stock may be approaching overbought according to RSI indicators.
The bearish stance taken by a significant investor, combined with the RSI indicators suggesting that the stock may be overbought, could lead to a downward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100