Looking At Intuit's Recent Unusual Options Activity
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Intuit (NASDAQ:INTU) as indicated by unusual options activity. The sentiment among big-money traders is split between 30% bullish and 70% bearish. Whales have been targeting a price range from $490.0 to $740.0 for Intuit over the last 3 months. Piper Sandler, Wolfe Research, HSBC, and Wells Fargo have given price targets of $642, $660, $520, and $575 respectively.
October 26, 2023 | 3:17 pm
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Intuit has seen unusual options activity with a significant bearish stance. Analysts have given varied price targets.
The unusual options activity, with a 70% bearish sentiment among big-money traders, indicates a potential downward movement for Intuit's stock. The varied price targets given by analysts also add to the uncertainty.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100