Looking At AbbVie's Recent 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 sentiment among these big-money traders is 8% bullish and 91% bearish. The whales have been targeting a price range from $55.0 to $150.0 for AbbVie over the last 3 months. Morgan Stanley maintains an Overweight rating on AbbVie with a price target of $193, while Raymond James downgraded its action to Outperform with a price target of $177.
October 11, 2023 | 6:46 pm
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NEGATIVE IMPACT
Unusual options activity indicates a significant bearish stance on AbbVie. This could potentially impact the stock's performance in the short term.
The unusual options activity, with a significant bearish sentiment, indicates that a large investor is expecting AbbVie's stock price to decrease. This could potentially lead to a short term decrease in the stock's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100