Intuit Unusual Options Activity For September 21
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Intuit (NASDAQ:INTU) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 35% bullish and 64% bearish. The whales have been targeting a price range from $300.0 to $570.0 for Intuit over the last 3 months. The current price of INTU is down -3.67% at $504.37. Several financial institutions have maintained their ratings on Intuit, with price targets ranging from $528 to $575.
September 21, 2023 | 8:17 pm
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Unusual options activity indicates a significant bearish stance on Intuit (NASDAQ:INTU). The current price of INTU is down -3.67% at $504.37. Several financial institutions have maintained their ratings on Intuit, with price targets ranging from $528 to $575.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting the price of Intuit to decrease. This, combined with the current price decrease of -3.67%, could lead to a short-term negative impact on the stock. However, the maintained ratings and price targets by several financial institutions suggest a positive long-term outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100