AbbVie Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on AbbVie (NYSE:ABBV) by a large investor, as indicated by unusual options activity. The overall sentiment of these big-money traders is split between 41% bullish and 58% bearish. The whales have been targeting a price range from $140.0 to $165.0 for AbbVie over the last 3 months. The price of ABBV is currently down -0.48% at $153.9.
September 26, 2023 | 7:45 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on AbbVie. The price of ABBV is currently down -0.48% at $153.9.
The unusual options activity, with a significant bearish stance, indicates that large investors are expecting a decrease in the price of AbbVie. This could lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100