Adobe Unusual Options Activity For October 16
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 bullish stance. The trades range from $375.0 to $650.0 for Adobe over the last 3 months. The current price of ADBE is $553.36, up 0.84%. RBC Capital, Piper Sandler, HSBC, and Stifel have all downgraded their actions on Adobe but with varying price targets.
October 16, 2023 | 3:16 pm
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Adobe has seen unusual options activity, with a majority of investors bullish. The stock is currently up 0.84% at $553.36.
The unusual options activity, majority of which is bullish, indicates a positive sentiment towards Adobe. This, coupled with the stock's current upward trend, suggests a potential short-term increase in Adobe's stock price.
CONFIDENCE 90
IMPORTANCE 80
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