Looking At Abbott Laboratories's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Abbott Laboratories (NYSE:ABT), with 72% of recent trades indicating bearish expectations. The trades include 2 puts totaling $84,308 and 9 calls totaling $361,094. The targeted price range for Abbott Laboratories over the last 3 months is from $90.0 to $105.0. The current price of ABT is down -0.91% at $97.26, and RSI indicators suggest the stock may be oversold. The next earnings are expected in 23 days.
September 25, 2023 | 7:16 pm
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A significant investor has taken a bearish stance on Abbott Laboratories. The targeted price range for the stock over the last 3 months is from $90.0 to $105.0. The current price of ABT is down -0.91% at $97.26.
The bearish stance taken by a significant investor, along with the fact that 72% of recent trades indicate bearish expectations, suggests a potential downward pressure on the stock price. The current price is already down -0.91%, and RSI indicators suggest the stock may be oversold, which could further contribute to a potential decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100