Check Out What Whales Are Doing With LLY
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 55% bullish and 45% bearish. The whales have been targeting a price range from $340.0 to $670.0 for Eli Lilly over the last 3 months. Argus Research and Morgan Stanley have maintained their Buy and Overweight ratings on Eli Lilly respectively, with price targets of $620 and $640. Cantor Fitzgerald downgraded its action to Overweight with a price target of $630.
October 04, 2023 | 2:47 pm
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Unusual options activity indicates a significant bullish stance on Eli Lilly. Analysts have maintained positive ratings with price targets above the current price.
The unusual options activity, with a majority being bullish, indicates that large investors are expecting the price of Eli Lilly to increase. This is further supported by the positive ratings and high price targets given by analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100