Deere Unusual Options Activity For September 13
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split, with 40% bullish and 60% bearish. The whales have been targeting a price range from $390.0 to $420.0 for Deere over the last 3 months. Analysts from Stifel, Oppenheimer, Deutsche Bank, Credit Suisse, and UBS have maintained their ratings on Deere, with price targets ranging from $407 to $551.
September 13, 2023 | 5:30 pm
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Unusual options activity indicates a significant bearish stance on Deere. Analysts maintain their ratings, with price targets ranging from $407 to $551.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting Deere's stock price to decrease. This could put downward pressure on the stock in the short term. However, analysts have maintained their ratings on Deere, with price targets suggesting a potential upside, which could counteract some of this bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100