This Is What Whales Are Betting On AbbVie
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on AbbVie (NYSE:ABBV) by a large investor or institution, as indicated by unusual options activity. The overall sentiment of these big-money traders is 18% bullish and 81% bearish. The whales have been targeting a price range from $125.0 to $160.0 for AbbVie over the last 3 months. The price of ABBV is currently up 1.06% at $153.73, and the next earnings are expected to be released in 39 days.
September 18, 2023 | 5:31 pm
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A large investor has taken a significant bearish stance on AbbVie, with unusual options activity indicating a target price range of $125.0 to $160.0. The current price of ABBV is up 1.06% at $153.73.
The bearish stance taken by a large investor or institution, as indicated by unusual options activity, suggests that there may be a belief that AbbVie's stock price will decrease in the short term. This could potentially impact the stock's price negatively. The current price of ABBV is up, but the target price range indicated by the options activity is lower than the current price, suggesting a potential decrease.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100