This Is What Whales Are Betting On Deere
Portfolio Pulse from Benzinga Insights
A large bearish position has been taken on Deere (NYSE:DE), with 29 uncommon options trades spotted, the majority of which are puts. The sentiment of these big-money traders is split between 41% bullish and 58% bearish. The price of DE is currently down -2.75% at $400.4. Analysts from Oppenheimer, Deutsche Bank, JP Morgan, Stifel, and Credit Suisse have maintained their ratings on Deere, with price targets ranging from $380 to $551.
September 08, 2023 | 6:45 pm
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NEGATIVE IMPACT
A large bearish position has been taken on Deere, with the majority of the 29 uncommon options trades being puts. The price of DE is currently down -2.75% at $400.4. Analysts have maintained their ratings on Deere, with price targets ranging from $380 to $551.
The large bearish position taken on Deere, indicated by the majority of the 29 uncommon options trades being puts, suggests that the stock price may decrease in the short term. This is further supported by the current decrease in the price of DE. However, the maintained ratings and varied price targets from analysts suggest that the long-term outlook may be more positive.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100