Adobe Unusual Options Activity For October 12
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been detected for Adobe (NASDAQ:ADBE), with a majority of investors taking a bearish stance. The trades indicate that whales have been targeting a price range from $505.0 to $650.0 for Adobe over the last 3 months. Adobe's current price is $554.32, up 0.8%. Analysts from BMO Capital, Piper Sandler, Wolfe Research, RBC Capital, and Citigroup have maintained their ratings on Adobe, with price targets ranging from $610 to $650.
October 12, 2023 | 2:32 pm
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Adobe has seen unusual options activity, with a majority of investors taking a bearish stance. The company's stock price is currently up, and analysts have maintained their ratings, with price targets ranging from $610 to $650.
The unusual options activity indicates that investors are taking a bearish stance on Adobe, which could potentially impact the stock price. However, the company's stock price is currently up, and analysts have maintained their positive ratings, which could counteract the bearish sentiment. The price targets set by analysts indicate that they expect the stock price to increase in the future.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100