Veeva Sys Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Veeva Sys (NYSE:VEEV) as indicated by unusual options activity. The sentiment among big-money traders is split between 45% bullish and 54% bearish. Whales have been targeting a price range from $80.0 to $210.0 for Veeva Sys over the last 3 months. Jefferies has downgraded its action to Buy with a price target of $265, while Keybanc maintains an Overweight rating with a price target of $230.
October 18, 2023 | 7:46 pm
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Unusual options activity indicates a bearish stance on Veeva Sys. The sentiment among big-money traders is split between 45% bullish and 54% bearish. Jefferies has downgraded its action to Buy with a price target of $265, while Keybanc maintains an Overweight rating with a price target of $230.
The unusual options activity and the bearish sentiment among big-money traders indicate a potential short-term decrease in Veeva Sys's stock price. Additionally, Jefferies' downgrade to Buy could also negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100