Novo Nordisk Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Novo Nordisk (NYSE:NVO), with 84% of the detected trades being bearish. The trades include 5 puts amounting to $201,731 and 8 calls amounting to $837,742. The targeted price range for Novo Nordisk over the last 3 months is from $57.5 to $145.0. The current price of NVO is down by 2.78% at $97.77. Argus Research has downgraded its action to Buy with a price target of $110.
October 19, 2023 | 6:01 pm
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Bearish stance taken on Novo Nordisk with majority of trades being bearish. The targeted price range is from $57.5 to $145.0. The current price is down by 2.78% at $97.77.
The bearish stance taken by a significant investor, along with the majority of trades being bearish, indicates a potential decrease in the stock price. The current price is already down by 2.78%, and the targeted price range is quite wide, from $57.5 to $145.0. This suggests uncertainty and potential volatility in the stock price. Additionally, Argus Research has downgraded its action to Buy with a price target of $110, which is higher than the current price but within the targeted range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100