Eli Lilly Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as observed in the unusual options activity. The sentiment among these big-money traders is split between 40% bullish and 60% bearish. The whales have been targeting a price range from $490.0 to $590.0 for Eli Lilly over the last 3 months. The current price of LLY is up 0.72% at $575.37. Analysts from Cantor Fitzgerald and Morgan Stanley have given an Overweight rating with price targets of $630 and $640 respectively, while Argus Research maintains a Buy rating with a price target of $620.
September 19, 2023 | 3:15 pm
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Unusual options activity indicates a significant bearish stance on Eli Lilly. Despite this, analysts maintain positive ratings with high price targets.
The unusual options activity indicates a bearish stance by a large investor. However, analysts from Cantor Fitzgerald, Argus Research, and Morgan Stanley maintain positive ratings with high price targets, indicating a potential upward movement in the future. This creates a mixed short-term impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100