This Is What Whales Are Betting On Abbott Laboratories
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Abbott Laboratories (NYSE:ABT) by a large investor or institution, as indicated by unusual options trading activity. The sentiment among these big-money traders is 7% bullish and 92% bearish. The whales have been targeting a price range from $85.0 to $130.0 for Abbott Laboratories over the last 3 months. Barclays maintains an Overweight rating on Abbott Laboratories with a price target of $132.
August 21, 2023 | 8:16 pm
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NEGATIVE IMPACT
A large investor has taken a significant bearish stance on Abbott Laboratories, indicating potential downward pressure on the stock.
The bearish stance taken by a large investor or institution, as indicated by unusual options trading activity, suggests that they expect the stock price to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100