Looking At Deere's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Deere (NYSE:DE), indicating a bullish stance by a large investor or institution. The overall sentiment among these big-money traders is split between 56% bullish and 43% bearish. The targeted price range for Deere over the last 3 months has been $370.0 to $440.0. Deere's current price is up 0.91% at $384.33. Analysts from Canaccord Genuity, HSBC, and Evercore ISI Group have recently downgraded their ratings for Deere.
September 25, 2023 | 8:02 pm
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Deere has seen unusual options activity, indicating a bullish stance by a large investor or institution. The stock's price is up 0.91% at $384.33. Analysts have recently downgraded their ratings for Deere.
The unusual options activity indicates that a large investor or institution is taking a bullish stance on Deere, which could potentially drive the stock price up in the short term. However, recent downgrades by analysts may temper this bullish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100