Intuit Unusual Options Activity For September 13
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is 30% bullish and 70% bearish. The whales have been targeting a price range from $470.0 to $600.0 for Intuit over the last 3 months. Despite this, several financial institutions have maintained their positive ratings on Intuit, with price targets ranging from $550 to $605.
September 13, 2023 | 6:46 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Intuit (NASDAQ:INTU) has seen unusual options activity with a significant bearish stance taken by a large investor. However, several financial institutions have maintained their positive ratings on the company.
The unusual options activity indicates that a large investor is expecting Intuit's stock price to decrease. This could potentially lead to a short-term drop in the stock price. However, the positive ratings from financial institutions suggest that the company's fundamentals remain strong, which could mitigate some of the potential negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100