Looking At Novo Nordisk's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant amount of unusual options activity has been observed for Novo Nordisk (NYSE:NVO), with a majority of investors taking a bearish stance. The price range targeted by these investors over the last three months is $85.0 to $120.0. The current price of NVO is down by 2.21% at $95.28. Argus Research has downgraded its action to Buy with a price target of $110.
October 26, 2023 | 2:47 pm
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Novo Nordisk has seen unusual options activity, with a majority of investors taking a bearish stance. The current price of NVO is down by 2.21% at $95.28. Argus Research has downgraded its action to Buy with a price target of $110.
The unusual options activity, with a majority of investors taking a bearish stance, indicates a potential downward pressure on the stock price. The current price drop and the downgrade by Argus Research further support this outlook.
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