Check Out What Whales Are Doing With Deere
Portfolio Pulse from Benzinga Insights
A whale investor has taken a bearish stance on Deere (NYSE:DE), with 100% of the detected trades being bearish. The trades include 9 puts for a total of $380,403 and 2 calls for a total of $103,783. The price target for Deere over the last 3 months has been between $390.0 to $420.0. The current price of DE is down -0.78% at $411.2. Analysts from Stifel, UBS, Credit Suisse, JP Morgan, and Oppenheimer have maintained their ratings on Deere.
September 06, 2023 | 5:17 pm
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A whale investor has taken a bearish stance on Deere, indicating potential downward pressure on the stock. Analyst ratings remain mixed.
The bearish stance by a whale investor, who has made significant put trades, indicates a belief that Deere's stock price will decrease. This could put downward pressure on the stock. However, analyst ratings remain mixed, which could mitigate some of this pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100