Looking At Adobe's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Adobe (NASDAQ:ADBE) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 33% bullish and 66% bearish. The whales have been targeting a price range from $410.0 to $570.0 for Adobe over the last 3 months. Adobe's current price is $513.86, down 0.5%. Several financial institutions have maintained their ratings on Adobe, with price targets ranging from $530 to $645.
October 06, 2023 | 5:30 pm
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Unusual options activity indicates a significant bearish stance on Adobe. The sentiment among big-money traders is more bearish than bullish. Several financial institutions have maintained their ratings on Adobe, with price targets higher than the current price.
The unusual options activity, with a significant bearish stance, indicates that large investors expect Adobe's stock price to decrease. However, several financial institutions have maintained their ratings on Adobe, with price targets higher than the current price, which could potentially counteract the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100