This Is What Whales Are Betting On Deere
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on Deere (NYSE:DE) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is split between 57% bullish and 42% bearish. The whales have been targeting a price range from $370.0 to $430.0 for Deere over the last 3 months. Canaccord Genuity, HSBC, and Evercore ISI Group have downgraded their actions on Deere with price targets of $400, $486, and $424 respectively.
October 10, 2023 | 7:00 pm
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POSITIVE IMPACT
A large investor has taken a bullish stance on Deere, with a significant position in the company's options. The sentiment among big-money traders is split, with 57% bullish and 42% bearish. Analysts have downgraded their actions on Deere.
The news of a large investor taking a bullish stance on Deere, as indicated by a significant options position, is likely to have a positive impact on the company's stock in the short term. However, the sentiment among big-money traders is split, which introduces some uncertainty. Additionally, the downgrades by analysts could potentially have a negative impact, but this may be offset by the bullish stance of the large investor.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100