Novo Nordisk Unusual Options Activity For September 21
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Novo Nordisk (NYSE:NVO) by a large investor, as observed from unusual options activity. The sentiment among these big-money traders is split between 30% bullish and 69% bearish. The whales have been targeting a price range from $55.0 to $105.0 for Novo Nordisk over the last 3 months. The price of NVO is currently down -3.36% at $91.55.
September 21, 2023 | 3:31 pm
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NEGATIVE IMPACT
A large investor has taken a significant bearish stance on Novo Nordisk, indicating potential downward pressure on the stock in the short term.
The unusual options activity, with a significant bearish stance, indicates that a large investor is expecting the price of Novo Nordisk to decrease. This could put downward pressure on the stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100