Adobe Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bullish stance on Adobe (NASDAQ:ADBE) has been observed through unusual options activity. The sentiment among these big-money traders is 70% bullish and 30% bearish. The whales have been targeting a price range from $450.0 to $600.0 for Adobe over the last 3 months. B of A Securities upgraded its action to Buy with a price target of $630. Adobe's next earnings are expected to be released in 9 days.
September 05, 2023 | 2:16 pm
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Unusual options activity indicates a bullish stance on Adobe. B of A Securities has upgraded Adobe to Buy with a price target of $630. Adobe's next earnings are expected in 9 days.
The unusual options activity, with 70% bullish sentiment, indicates a positive outlook for Adobe. This is further supported by B of A Securities' upgrade to Buy with a price target of $630. The upcoming earnings release in 9 days could also impact the stock's performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100