This Is What Whales Are Betting On Analog Devices
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Analog Devices (NASDAQ:ADI) by a large investor, as observed from publicly available options history. The overall sentiment of these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $155.0 to $180.0 for Analog Devices over the last 3 months. The price of ADI is currently down -0.61% at $178.58. Several financial institutions have maintained their positive ratings on ADI with price targets ranging from $185 to $215.
September 15, 2023 | 7:46 pm
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A large investor has taken a bearish stance on Analog Devices (NASDAQ:ADI), with the overall sentiment among big-money traders being 66% bearish. The current price of ADI is down -0.61% at $178.58. Several financial institutions have maintained their positive ratings on ADI with price targets ranging from $185 to $215.
The bearish stance taken by a large investor, as indicated by the options history, suggests that there may be a potential downside for ADI in the short term. This is further supported by the current price drop of -0.61%. However, the maintained positive ratings and price targets by several financial institutions indicate a positive outlook in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100