This Is What Whales Are Betting On Eli Lilly
Portfolio Pulse from Benzinga Insights
A significant bearish stance has been taken on Eli Lilly (NYSE:LLY) by a large investor, as indicated by unusual options activity. The sentiment among these big-money traders is split between 26% bullish and 73% bearish. The whales have been targeting a price range from $290.0 to $790.0 for Eli Lilly over the last 3 months. The current price of LLY is up 2.28% at $573.0. Several financial institutions have maintained their positive ratings on Eli Lilly, with price targets ranging from $630 to $710.
October 30, 2023 | 1:46 pm
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A large investor has taken a bearish stance on Eli Lilly, with unusual options activity indicating a price target range of $290.0 to $790.0. The current price of LLY is up 2.28% at $573.0. Several financial institutions have maintained their positive ratings on Eli Lilly.
The bearish stance taken by a large investor, as indicated by unusual options activity, suggests that there may be a potential downside for Eli Lilly's stock in the short term. This is further supported by the sentiment among big-money traders, which is largely bearish. However, several financial institutions have maintained their positive ratings on Eli Lilly, which could potentially mitigate some of the bearish sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100