This Is What Whales Are Betting On Abbott Laboratories
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Abbott Laboratories (NYSE:ABT), with 60% of recent trades being bearish and 40% bullish. The trades indicate a target price range of $95.0 to $115.0 for Abbott Laboratories over the last 3 months. The current price of ABT is $100.62, down -0.05%. Next earnings are expected in 28 days.
September 20, 2023 | 7:33 pm
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Bearish stance taken on Abbott Laboratories with 60% of recent trades being bearish. The trades indicate a target price range of $95.0 to $115.0 over the last 3 months. The current price of ABT is $100.62, down -0.05%.
The bearish stance taken by a significant investor, as indicated by the majority of recent trades, suggests a potential downward pressure on the stock price. The target price range also indicates a potential downside if the stock is currently trading at the higher end of this range. The slight decrease in the current price also supports this bearish outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100