Check Out What Whales Are Doing With LLY
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Eli Lilly (NYSE:LLY) by an unknown entity, possibly an institution or wealthy individual. This was noticed through publicly available options history. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. Whales have been targeting a price range from $550.0 to $680.0 for Eli Lilly over the last 3 months. The current price of LLY is $595.43. Morgan Stanley, Cantor Fitzgerald, and Argus Research have maintained their Overweight and Buy ratings on Eli Lilly with price targets of $640, $630, and $620 respectively.
September 12, 2023 | 3:46 pm
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A significant bullish stance has been taken on Eli Lilly (LLY) by an unknown entity. The overall sentiment of these big-money traders is split between 50% bullish and 50% bearish. Whales have been targeting a price range from $550.0 to $680.0 for Eli Lilly over the last 3 months. The current price of LLY is $595.43.
The news of a significant bullish stance taken by an unknown entity, possibly a large institution or wealthy individual, indicates a positive sentiment towards Eli Lilly. This, combined with the fact that whales have been targeting a higher price range for the stock, suggests a potential upward movement in the short term. Furthermore, the maintained Overweight and Buy ratings by major financial institutions reinforce this positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100