This Is What Whales Are Betting On Eli Lilly
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bearish stance on Eli Lilly (NYSE:LLY), with 71% of recent trades being bearish. The targeted price range for Eli Lilly over the last 3 months is $290.0 to $680.0. The current price of LLY is up 1.8% at $587.02. Wells Fargo maintains an Overweight rating on Eli Lilly with a price target of $650, while UBS downgraded its action to Buy with a price target of $710.
October 24, 2023 | 3:01 pm
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A significant investor has taken a bearish stance on Eli Lilly. The targeted price range for Eli Lilly over the last 3 months is $290.0 to $680.0. The current price of LLY is up 1.8% at $587.02.
The bearish stance taken by a significant investor, along with the high volume of bearish trades, suggests a potential downward pressure on the stock price. However, the current price is up and several analysts maintain a positive outlook, which could counteract some of this pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100