Looking At Veeva Sys's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Veeva Systems (VEEV), with 80% of recent trades being bearish. The trades range from $195.0 to $230.0. The price of VEEV is up 8.05% at $208.09, but RSI indicators suggest it may be overbought. Analysts from Baird, UBS, RBC Capital, Raymond James, and Citigroup have maintained their ratings, with price targets ranging from $205 to $242.

August 31, 2023 | 7:18 pm
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Veeva Systems has seen a bearish stance from a significant investor, with 80% of recent trades being bearish. The stock is currently up 8.05% at $208.09, but may be overbought. Analysts have maintained their ratings, with price targets ranging from $205 to $242.
The bearish stance from a significant investor, along with the indication that the stock may be overbought, suggests a potential downward pressure on the stock price. However, the maintained ratings from analysts and the current upward trend in price may counteract this to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100